Arthur DeFilippo: $500K Complaint Against Revere Advisor

Boston, Massachusetts financial advisor Arthur DeFilippo (CRD# 1348804) recently received an investor complaint alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker with Revere Securities.

Mr. DeFilippo’s BrokerCheck report discloses several investor complaints. The most recent, filed in December 2024, alleges that as a representative of Revere Securities, he engaged in unspecified misconduct characterized by the claimant’s attorney as relating to “securities fraud and elder financial abuse.” The pending complaint alleges unspecified damages estimated to exceed $500,000.

In a statement included with the complaint’s disclosure, Mr. DeFilippo defended himself against the allegations. “I firmly deny any wrongdoing in this case,” he wrote. “Any reasonable factfinder would conclude that the client’s statements are without merit. I will vigorously defend myself in this matter.”

A second disclosure on Mr. DeFilippo’s BrokerCheck report concerns a FINRA investigation into his conduct. Filed in December 2024, it states that the investigation concluded with a preliminary determination to recommend disciplinary action against him, alleging that he violated FINRA rules by making a “material misrepresentation to a counterparty about an indication of interest made for shares in a public offering,” and by willfully failing to disclose a customer complaint. FINRA has yet to undertake or disclose any such formal action.

According to the Financial Industry Regulatory Authority, Arthur DeFilippo holds 40 years of securities industry experience. Based in Boston, Massachusetts, he has been registered as a broker with Revere Securities since 2010. His past registrations include Jesup & Lamont, Coburn & Meredith, Ryan Beck & Company, Gruntal & Company, Legg Mason Wood Walker, Bear Stearns & Company, Lehman Brothers, and LF Rothschild & Company. His credentials include the passage of six securities industry qualifying exams: the Investment Banking Registered Representative Examination, or Series 79TO; the Securities Industry Essentials Examination, or SIE; the General Securities Principal Examination, or Series 24; the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of April 20, 2025.)

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