Former Broker Philip Anthony Riposo Has Been Barred By FINRA
A Massachusetts broker, Philip Riposo (CRD#40056) most recently was registered at United Planners Financial Services of America and has 12 customer disputes and 2 employment terminations as reported on his BrokerCheck.
Now the Financial Industry Regulatory Authority Inc. (FINRA) has barred him for failing to cooperate with its investigation. The broker was fired by United Planners Financial Services of America after he admitted to creating and providing clients with fictitious account statements.
Riposo's list of 12 customer disputes includes a settled customer dispute alleging misappropriation and fraud. The claim settled for $319,928.00.
A pending customer dispute alleges breach of regulatory requirement, breach of fiduciary duty, and negligence. Another pending customer disputes alleges breach of fiduciary duty, breach of regulatory requirements, negligence and gross negligence, and breach of contract.
We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments.
We receive the highest rankings as attorneys for quality work and ethics. We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives.
We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney's fees unless we recover compensation for you. If you have incurred investment losses with Philip Riposo and would like a securities attorney to evaluate your case, please contact us.