Robert Silvestri Barred By FINRA, Involved In Investor Disputes

Some investors have potentially experienced damages because of securities broker Robert Allen Silvestri (also known as Rob Silvestri) [CRD: 2037669, Dallas, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Silvestri worked for Aegis Capital Corp. in 2023, in Dallas, Texas. He also worked for Level Four Financial LLC from 2018 to 2022, in Allen, Texas. Read on to learn more about the disclosures involving Silvestri.

FINRA Sanctioned Silvestri For Refusing To Appear For Testimony

On November 21, 2023, Financial Industry Regulatory Authority (FINRA) issued Letter of Acceptance, Waiver, and Consent No. 2023079235501, sanctioning Robert Silvestri for infractions. Silvestri allegedly refused to appear for testimony requested by FINRA in connection to its investigation into whether he borrowed funds from a client. The refusal to testify obstructed FINRA's ability to fully assess the allegations against him. Therefore, Silvestri was permanently barred from all capacities in the financial industry, effective from November 21, 2023.

Robert Silvestri Disclosed Unsuitable Recommendations Allegations By Level Four Advisory Services LLC Client

A client of Level Four Advisory Services LLC contested Robert Silvestri's sales practices by filing a complaint in November 2022. The client alleged that Silvestri made unsuitable recommendations in her account since February 2020, resulting in losses. Additionally, the client claimed that Silvestri wrote personal checks to cover losses in her account. The matter was settled on January 9, 2023, with Silvestri paying the client $8,000.

UBS Investor Accused Silvestri Of Misrepresentation

A UBS client filed NASD Arbitration No. 02-02761 about Robert Silvestri, alleging unsuitability, breach of fiduciary duty, omissions, and misrepresentations. The client claimed that Silvestri's actions resulted in damages related to stocks. On May 27, 2004, a FINRA Arbitration Panel issued a Stipulated Award, reflecting that a settlement was reached in this matter.

Did You Sustain Losses Because Of Robert Silvestri?

Did you experience damages because of securities broker / financial advisor Robert Silvestri? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Silvestri and brokerage firms he worked for deny accusations of sales practice violations.