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Matthew Siliato Received Two Customer Complaints

Matthew SiliatoPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on November 3, 2016 indicate that New York-based Meyers & Associates broker Matthew Siliato has been the subject of several resolved or pending customer disputes. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Siliato (CRD# 5062153).

Matthew Siliato has spent nine years in the securities industry and has been registered with Meyers Associates in New York, New York since 2013. Previous registrations include National Securities in Iselin, New Jersey; JP Turner & Company in Staten Island, New York; National Securities in Staten Island, New York; Joseph Stevens & Company in Brooklyn, New York; and Joseph Gunnar & Company in New York, New York. He is a registered broker and investment adviser with 34 US states and territories.

According to his BrokerCheck report, Matthew Siliato has received two customer complaints and two pending customer complaints.

In May 2016 a customer alleged Matthew Siliato, while employed at Meyers Associates, made unsuitable investment recommendations. The customer is seeking more than $250,600 in damages in the pending complaint.

In 2015 a customer alleged Matthew Siliato, while employed at National Securities, breached his fiduciary duty and made unsuitable investment recommendations. The customer is seeking $522,941 in damages in the pending complaint.

In 2014 a customer alleged Matthew Siliato, while employed at Meyers Associates, failed to follow instructions. The complaint settled in 2015 for $14,999.

In 2010 a customer alleged Matthew Siliato, while employed at JP Turner & Company, misrepresented material facts related to an investment. The complaint settled for $5,931.

According to FINRA rules and federal securities law, brokers like Matthew Siliato are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. This means, for instance, that they can only recommend suitable investments that take into account the client’s investment goals, experience, and risk tolerance. Neither brokers nor firms are permitted to misrepresent or omit material facts related to an investment, as this might cause a customer to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.

If you have suffered losses while investing with Matthew Siliato, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.