Arthur DeFilippo, Revere Securities Broker, Investigated by FINRA
Arthur DeFilippo (CRD# 1348804), a broker registered with Revere Securities, made a material misrepresentation, according to a regulatory investigation. MDF Law is investigating the Boston, Massachusetts-based financial professional for similar conduct. If you suffered losses on investments he recommended, contact us for a free consultation about your recovery options.
The following post describes Mr. DeFilippo’s history as a broker, including disciplinary actions and investor disputes. This information is sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on January 16, 2025.
FINRA Recommends Disciplinary Action
On December 19, 2024, FINRA disclosed its investigation into Mr. DeFilippo’s conduct. According to his BrokerCheck profile, the broker made a determination to recommend action against him. The action would allege that he violated FINRA rules by “material misrepresentation to a counterparty about an indication of interest made for shares in a public offering.” It would also allege that he “willfully failed to disclose” a dispute filed by a customer. The regulator has not yet undertaken any disciplinary action.
Past Censure Alleged Customer Loans
Mr. DeFilippo’s disciplinary history also includes a 2002 sanction by securities regulators in Massachusetts. In this case, the sanction alleged that he “borrowed and lent money to several clients” and failed to report an outside business activity. Regulators censured him and ordered him to pay a fine of $2,500.
Firms Settled Past Investor Disputes
Two parties of investors have lodged disputes involving Mr. DeFilippo that his former member firms settled. Filed between 1991 and 2001, the claims included allegations that he recommended unsuitable investments, misrepresented material information, and failed to follow instructions. His former member firms settled the disputes for a total of $42,000.
What Is Revere Securities?
As his BrokerCheck record reflects, Mr. DeFilippo is a representative of Revere Securities. That firm’s website includes a section outlining the services it provides to hedge funds, institutional investors, and individual investors. “Revere is a modern-day broker-dealer with a niche in the U.S. emerging growth sector,” the section reads. “The global markets are ever-changing. We stay at the forefront so we can provide our clients with the best opportunities to stay current and drive toward their goals.”
FINRA: Arthur DeFilippo Based in Boston
Mr. DeFilippo launched his career as a broker in 1985, when he registered with L.F. Rothschild & Company. His career includes stints at firms like Lehman Brothers, Bear Stearns & Company, Gruntal & Company, and Coburn & Meredith. He joined his current firm, Revere Securities, in 2010, and has remained at its Boston office since. Boasting 39 years of experience as a broker, he has completed six industry exams, including the Series 24 and the Series 3.
MDF Law Advocates for Broker Fraud Victims
If you have lost money working with Arthur DeFilippo, you may be able to file a FINRA arbitration claim to pursue damages. Contact MDF Law to discuss your case with one of our lawyers. We accept cases on a contingency basis, meaning our clients only pay a fee if they recover lost funds. Call 800-767-8040 for a free consultation today.