Arthur DeFilippo Investigated By FINRA For Potential Misrepresentation

Investors potentially experienced losses due to securities broker Arthur Michael DeFilippo [CRD: 1348804, Boston, Massachusetts], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Arthur DeFilippo has worked for Revere Securities LLC since July 8, 2010. Below, you can find important information about the disclosures involving this securities broker, which may be relevant to investors who might have experienced financial harm.

FINRA Investigates Revere Securities Stockbroker For Misrepresentation

Arthur DeFilippo is the subject of an investigation initiated by FINRA on December 19, 2024, into allegations that DeFilippo made a misrepresentation to someone about an interest in a public offering. Also, the investigation concerns whether DeFilippo failed to disclose a reportable client complaint on a Form U4 while associated with Revere Securities LLC. Case # 20210691423 is ongoing.

Massachusetts Securities Division Sanctioned Arthur DeFilippo For Client Loans

Specifically, on May 21, 2003, the Massachusetts Securities Division issued Case: 2003-7 sanctioning Arthur DeFilippo. Notably, DeFilippo was fined $2,500 and censured. Notably, Massachusetts alleged that DeFilippo borrowed and lent money to several clients and failed to report outside business activity to his employing firm. At the time, DeFilippo was employed by Legg Mason.

Legg Mason Client Disputed Arthur DeFilippo’s Use Of Margin

Particularly, a client of Legg Mason Wood Walker Inc. contested Arthur DeFilippo’s sales practices, according to a complaint dated January 17, 2003. Allegedly, DeFilippo engaged in excessive trading and used margin without authorization. Allegedly, DeFilippo allegedly caused the client to sustain damages through investments in over-the-counter equities. Because of this, the client sought compensation from Legg Mason or DeFilippo in the amount of $228,767 in this matter. However, the firm denied this complaint.

Ryan Beck Investor Accused DeFilippo Of Failure To Follow Instructions

Specifically, on October 21, 2002, a Ryan Beck Co. client filed a complaint about Arthur DeFilippo. Supposedly, DeFilippo failed to follow instructions regarding orders the client had provided. Consequently, the client requested $100,000 in compensation from Ryan Beck Co. or DeFilippo. The brokerage firm denied this matter on January 7, 2003.

Were You Impacted By Securities Broker / Financial Advisor Arthur DeFilippo?

Did you experience losses because of Arthur DeFilippo? You should get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors throughout the United States. The firm also works on a contingency fee arrangement and advances all costs. DeFilippo and the securities firms DeFilippo worked for deny allegations of sales practice violations.