Last Updated: April 2025 – Windham, ME
Salvatore Bonetti Investigation Summary
Here’s what you need to know about Windham, ME, stockbroker Salvatore Bonetti:
- Name: Mr. Salvatore Bonetti
- Current Employer as Broker: Purshe Kaplan Sterling Investments
- Dual Registration as Investment Advisor: Insight Folios
- Prior Employers: Morgan Stanley, MML Investors Services, Baystate Financial, MSI Financial Services, Multi-Financial Securities Corporation
- Function: Stockbroker / Financial Advisor
- Primary Location: Windham, ME
- CRD Number: 4494241
- Can Salvatore Bonetti be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Employment Separation after Allegations: Yes
- Highest Settlement or Award: $100,000
If you’ve sustained damages from Mr. Bonetti, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Salvatore Bonetti As Your Stockbroker?
A customer of MML Investors Services, LLC filed a complaint alleging that Salvatore Bonetti recommended aggressive stocks that were inconsistent with the client’s conservative investment profile, resulting in financial harm.The matter was settled on October 10, 2024, for $100,000.
Mr. Bonetti was sanctioned by FINRA in 2016, which resulted in a 30-day suspension and a $5,000 fine for altering client contact records—an action that may have delayed other representatives from contacting clients, thereby violating FINRA’s recordkeeping rules and standards of conduct. The Office of Insurance and Saety Fire Commissioner for the State of Georgia placed Bonetti on probationary status for 12 months in 2017 as a result of the FINRA sanction.
In 2015 Mr. Bonetti voluntarily resigned while Morgan Stanley was conducting a review related to the accuracy of client contact information he entered into the firm’s records
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Salvatore Bonetti
Salvatore Bonetti’s BrokerCheck report includes multiple serious disclosure events:
- Unsuitable recommendations of aggressive equities despite having a conservative risk tolerance.
- Sanctioned by FINRA for altering the telephone numbers of clients in his employer’s records (Morgan Stanley), thereby potentially preventing other representatives from contacting them.
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 Salvatore Bonetti, 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.