Last Updated: January 2026 — Parsippany, NJ
Here’s what you need to know about Parsippany, NJ stockbroker Sal Robert Salvo:
- Name: Salvadore Robert Salvo
- Current Employer: Purshe Kaplan Sterling Investments (FINRA broker) — 4 Campus Drive, Parsippany, NJ 07054 (since 09/19/2018); Summit Financial, LLC (Investment Adviser Representative) — 4 Campus Drive, Parsippany, NJ 07054 (since 01/03/2019).
- Prior Firms: Summit Equities, Inc.; Summit Financial Resources, Inc.; MML Investors Services, Inc.; Massachusetts Mutual Life Insurance Company; CG Equity Sales Company; Summit Family Wealth Counseling Inc.
- Other Business Affiliations: Salvo Wealth Group; Summit Financial LLC (RIA/IAR); insurance sales (including through affiliated SRM); Board member, Legatus; Member, Gift Planning Council of NJ; Licensed user, The Donor Motivation Program; Salvo and Companies, Inc. Salvador Salvo LLC
- CRD number: 409637.
- Stockbroker / Financial Advisor: Yes — currently registered with 1 SRO; licensed in numerous U.S. states/territories; Series 24, Series 7TO, SIE, Series 1, and Series 63.
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $87,500
- Current Customer Disputes Seek Total Damages of: $1,292,000
If you’ve sustained damages from Mr. Salvo, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Salvadore R. Salvo As Your Stockbroker?
- Pending—AAA Arbitration (Captive Insurance): August 2025. Clients allege Mr. Salvo and Summit were negligent, made misrepresentations and omissions, and breached fiduciary and contractual duties by referring them to a third-party captive insurance company that allegedly committed fraud and lost their investment. Alleged damages: $784,000.
- Pending—Customer Complaint (Advisory Account transfer): July 2025 alleges failures related to an in-kind transfer and fiduciary duties in an advisory account; alleged damages: $508,000.
- Settled—FINRA Arbitration (Case No. 10-04308): January 2013 for $87,500. Allegations included unsuitable recommendations, material misrepresentations, and failure to disclose material facts involving insurance/managed accounts.
Allegations of Broker Misconduct Against Salvadore Robert Salvo
- Unsuitable recommendations — recommending investments inconsistent with a customer’s objectives and risk tolerance can violate FINRA Rule 2111 (Suitability); for retail recommendations after June 30, 2020, the SEC’s Regulation Best Interest (Exchange Act Rule 15l-1) imposes a best-interest care obligation.
- Breach of fiduciary duty / best-interest obligations
- Misrepresentation / omission of material facts
- Negligence
- Failure to supervise
Recover Your Investment Losses Now With Rex Securities Law
Other investigations of Purshe Kaplan Sterling brokers
If you have suffered investment losses in an account handled by Salvadore Robert Salvo, 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.