Matthew Angelo Siliato of Bronx New York a stockbroker formerly registered with Wynston Hill Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not cooperate with FINRA’s investigation into allegations of him making unauthorized and excessive trades. Letter of Acceptance Waiver and Consent No. 2019063283801 (Apr. 22, 2021).
According to the AWC, between February 25, 2021 and March 29, 2021, Siliato was prompted by FINRA to provide recorded testimony in regard to its concerns of him making unauthorized and excessive trades during the time that he was associated with Wynston Hill Capital. The AWC stated that on April 9, 2021, Siliato phoned FINRA to let them know that he received its request and would not cooperate with it. The stockbroker relayed that he would not testify for FINRA’s investigation. FINRA determined that Siliato violated Rules 2010 and 8210.
FINRA Public Disclosure confirms that Siliato has been identified in seven customer initiated investment related disputes concerning accusations of his wrongdoing during the period that he was employed by securities broker dealers including Meyers Associates LP, National Securities Corporation and JP Turner Company. Siliato is referenced in a customer initiated investment related written complaint which was settled to resolve allegations of misrepresentation by the stockbroker as it pertained to the customer’s investments in over-the-counter equities at JP Turner Company.
On March 17, 2015, a customer initiated investment related FINRA securities arbitration claim involving Siliato’s conduct was resolved for $14,999.00 in damages supported by accusations that the customer’s instructions had been disregarded by Siliato at Meyers Associates resulting in damages to the customer.
Another customer filed an investment related FINRA securities arbitration claim concerning Siliato’s conduct where the customer requested $383,000.00 in damages supported by allegations that unauthorized and unsuitable trades were executed in the customer’s account. FINRA Arbitration No. 17-00884 (Apr. 17, 2017). The claim also alleges that the customer’s account was churned by the stockbroker.
On March 2, 2018, a different customer initiated investment related FINRA securities arbitration claim regarding Siliato’s conduct was settled for $72,000.00 in damages founded on allegations that transactions executed in the customer’s account were not suitable for them. FINRA Arbitration No. 15-03036. Siliato is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages on June 11, 2018 based upon accusations of unsuitable trading by the stockbroker. FINRA Arbitration No. 16-01526.
Siliato was registered with Wynston Hill Capital between December 18, 2018 and June 20, 2019.