16
Nov

MATTHEW SILIATO Involved in Churning Accounts and Unauthorized Trading

Losses with Keith D'Agostino of Aegis Capital in Melville, NY

NEW YORK, NY

 Have you lost money with financial advisor Matthew Siliato, formerly with Wynston Hill Capital in New York, New York?  We are continuing to look into allegations made by FINRA, the Financial Industry Regulatory Authority.  Earlier in 2021, FINRA barred Matthew Siliato after he failed to respond to an investigation.  FINRA was investigating Siliato regarding allegations that he excessively traded (or churned) customer accounts and for potentially unauthorized trading.  In November 2021, Craig Sherman, a former executive at Wynston Hill Capital, was suspended and fined for failing to adequately supervise Siliato and two other representatives of Wynston Hill Capital.

Matthew Siliato was a financial advisor and registered representative of Wynston Hill Capital from December 2018 to June 2019 and worked with Craig Sherman.  He was also with Spartan Capital Securities from January 2017 to November 2018.  He worked at branch offices in New York, New York.  Siliato has been the subject of seven customer complaints.

Brokerage firms like Wynston Hill Capital have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New York.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View M. Siliato BrokerCheck Report
View C. Sherman BrokerCheck Report

 

If you lost money with Matthew Siliato, Spartan Capital Securities, or Wynston Hill Capital, please Contact Us at 206-795-5798 for a free evaluation of your case.