Matthew Angelo Siliato of New York New York a stockbroker formerly registered with Meyers Associates LP (a firm later known as Windsor Street Capital) is the subject of a customer initiated investment related arbitration claim which was settled for $14,999.00 in damages based upon accusations that while Siliato was employed by Meyers Associates LP, bad over-the-counter equities trades were executed by him in the customer’s brokerage account causing the customer to sustain unwarranted losses. FINRA Arbitration No. 16-01526 (June 11, 2018).
FINRA Public Disclosure confirms that Siliato is referenced in six more customer initiated investment related disputes that concern allegations of Siliato’s unacceptable conduct when he was employed by National Securities Corp, Meyers Associates and J.P. Turner Company LLC. Specifically, a customer filed an investment related complaint involving Siliato’s conduct in which the customer requested $21,000.00 in damages based upon accusations of excessive commissions being charged to the customer, and excessive stock trades being executed in the customer’s account while Siliato was associated with National Securities Corporation.
Another customer initiated investment related complaint concerning Siliato’s conduct was settled to resolve allegations that during the time Siliato was registered with J.P. Turner Company LLC, false or misleading statements were made to the customer concerning over-the-counter equities. Later, a customer initiated investment related arbitration claim involving Siliato’s activities was resolved for $14,999.00 in damages supported by accusations that the customer’s instructions concerning over-the-counter equities transactions had been disregarded by Siliato while he was associated with Meyers Associates, causing the customer losses. FINRA Arbitration No. 14-01147 (Mar. 17, 2015).
Siliato is also referenced in a customer initiated investment related arbitration claim where the customer sought $383,000.00 in damages founded on accusations that unauthorized transactions were executed by Siliato in the customer’s investment account; the customer was placed in over-the-counter equities positions that were not suitable for the customer; margin was inappropriately utilized by Siliato to effected securities transactions; and the customer’s investment portfolio had been churned. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00884 (Apr. 18, 2017).
Thereafter, a customer initiated investment related arbitration claim concerning Siliato’s conduct was settled for $72,000.00 in damages founded on allegations that fiduciary obligations to the customer were violated, and unsuitable over-the-counter equities trades were placed in the customer’s investment account during the time Siliato was employed by National Securities Corp. FINRA Arbitration No. 15-03036 (Mar. 2, 2018). FINRA Public Disclosure reveals that an additional $200,000.00 had been paid to that customer by Siliato.
FINRA Public Disclosure additionally confirms that Siliato has been suspended from associating with any FINRA member in any capacity based upon allegations that Siliato failed to cooperate with a FINRA Arbitration Award in which he was ordered to pay $63,280.31 in compensatory damages after being found liable for violating FINRA and National Association of Securities Dealers (NASD) Rules. Case No. 17-01716 (June 12, 2019).
Siliato’s registration with Windsor Street Capital LP has been terminated effective January 17, 2017. Between January 17, 2017 and November 7, 2018, Siliato was associated with Spartan Capital Securities LLC. Siliato has also been associated with Wynston Hill Capital LLC between December 18, 2018 and June 20, 2019.
