Victim of Financial Fraud? Call Now

Arthur DeFilippo Allegedly Made Material Misrepresentation

Arthur DeFilippo (CRD #: 1348804), a broker registered with Revere Securities, has been investigated by FINRA, according to his BrokerCheck record, accessed on January 4, 2025. Keep reading to learn more about his alleged conduct as a broker.

FINRA Investigation

On December 19, 2024, FINRA recommended disciplinary action be brought against Arthur DeFilippo, alleging that he made a material misrepresentation to a counterparty with regard to an indication of interest for shares in a public offering.

Arthur DeFilippo allegedly also willfully failed to disclose a customer complaint on a Uniform Application for Securities Industry Registration or Transfer (Form U4).

FINRA alleged that Arthur DeFilippo violated FINRA Rules 2010 and 1122 and Article V, Section 2(c) of FINRA’s By-Laws.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 1122

FINRA Rule 1122 requires brokers to keep their membership and registration documentation up-to-date and to correct any inaccuracies or misleading information in a timely manner.

Article V of FINRA’s By-Laws

Article V, Section 2(c) of FINRA’s By-Laws requires brokers to keep their application for registration up-to-date and to amend it within 30 days of learning the facts requiring an amendment.

Background Information

Arthur DeFilippo has passed the following exams:

  • General Securities Principal Examination – Series 24
  • Investment Banking Registered Representative Examination – Series 79TO
  • Securities Industry Essentials Examination – SIE
  • National Commodity Futures Examination – Series 3
  • General Securities Representative Examination – Series 7
  • Uniform Securities Agent State Law Examination – Series 63

Arthur DeFilippo is a registered broker in 25 states and a registered investment adviser in the District of Columbia.

He has also worked for the following firms:

  • Jesup & Lamont Securities (CRD#:39056)
  • Coburn & Meredith (CRD#:164)
  • Ryan Beck & Company (CRD#:3248)
  • Legg Mason Wood Walker (CRD#:6555)
  • Bear, Stearns & Company (CRD#:79)
  • Lehman Brothers (CRD#:7506)
  • Gruntal & Company (CRD#:372)
  • L. F. Rothschild & Company (CRD#:501)

Kurta Law Can Help

If you worked with Arthur DeFilippo and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.