Last Updated: January 2024 (Dallas, TX)
Rob Silvestri Investigation Summary
Here’s what you need to know about Dallas, TX, stockbroker Rob Silvestri:
- Name: Mr. Robert Allen Silvestri
- Current Employer: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
- DBA: Sivestri Asset Management, ACC Agency
- Previous Firms: Aegis Capital Corp. , Level Four Financial , Morgan Stanley, UBS Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Rob Silvestri
- Primary Location: Dallas, TX
- CRD 2037669
- Can Rob Silvestri be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Discharged by a prior employer: Yes
- Highest Settlement or Award: $20,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Rob Silvestri As Your Stockbroker?
Rob Silvestri was permanently barred from the securities industry by FINRA in 11/2023 for failing to cooperate with an investigation into whether he borrowed funds from a customer.
In 1/2023 a customer of Level Four was paid $8,000 to resolve allegations that Rob Silvestri made unsuitable recommendations. Customer also alleged that Silvestri wrote personal checks to cover some of the losses in her account.
Earlier in his career in 2004 a FINRA arbitration alleging that Silvestri made unsuitable recommendations was settled for $20,000.
In 7/2023 Silvestri was discharged by Aegis Capital after learning that he had borrowed money from a client without the firm’s knowledge, consent or approval.
In 11/2022 Silvestri was discharged by Level Four for failing to follow the firm’s state policies and procedures relating to disclosure information.
Allegations of Broker Misconduct Against Rob Silvestri
Customers of Rob Silvestri have alleged the following wrongdoing in connection with the handling of customer accounts:
- Borrowing money from firm customer
- Unsuitable Investment Recommendation
- Misrepresentation
Stockbrokers may only borrow money from a customer if their employing firm has a policy permitting such an arrangement. Generally, most brokerage firms prohibit borrowing by a broker from a customer. See FINRA Rule 3240 Borrowing From or Lending to Customers
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Rob Silvestri, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
