Purshe Kaplan Sterling Investments broker Salvadore Salvo (CRD# 409637) is accused of misrepresentations. He has been registered with Purshe Kaplan Sterling Investments in Parsippany, New Jersey, since 2018, and Summit Financial, LLC in Parsippany, New Jersey, since 2019. He was registered with Summit Equities Inc. in Parsippany, New Jersey, from 2002 to 2018.
Salvadore Salvo Customer Complaints
He has been the subject of three customer complaints between 2010 and 2025, according to his CRD report. The most recent complaint was regarding:
August 2025. “Clients allege advisors and Summit were negligent, made misrepresentations and omissions, and breached their fiduciary duties and contractual obligations by referring the clients to a third-party captive insurance company that allegedly committed fraud and lost the clients’ investment.” The customer is seeking $784,000 in damages, and the case is currently pending. The complaint took place while he was registered with captive insurance, and it took place while he was registered with Purshe Kaplan Sterling Investments.
July 2025. “Client alleges that the custodian should have transferred all his existing positions in-kind to his new account and that he should have been notified of the positions that did not transfer in-kind sooner. Client alleges that as a result, the advisor team failed their fiduciary responsibilities by not knowing that all of his existing positions may not have been able to be transferred in kind.” The customer is seeking $508,000 in damages, and the case is currently pending. The complaint took place while he was registered with advisory account, and it took place while he was registered with Purshe Kaplan Sterling Investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Purshe Kaplan Sterling Investments may be liable for investment or other losses suffered by Salvadore Salvo’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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