DID PHILIP ANTHONY RIPOSO CAUSE YOU INVESTMENT LOSSES?
Philip Riposo Of United Planners’ Financial Services of America A Limited Partner Has 13 Customer Complaints For Alleged Broker Misconduct
About Philip Riposo of United Planners’ Financial Services of America A Limited Partner?
Philip Riposo (CRD #400056) is no longer registered as a broker. He has a substantial history in the securities industry, beginning his career in 1973 and previously being registered with numerous firms, including LPL Financial Corporation and Cadaret, Grant & Co., Inc. Riposo has passed several important industry exams: Series 7, Series 24, Series 63, Series 66, and the SIE, evidencing a well-rounded knowledge of securities laws and products. Over his career, he was licensed in multiple U.S. states, indicating a broad geographic scope of operations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Philip Riposo Customer Complaints and Reviews
Riposo’s record includes multiple negative disclosures:
- Regulatory Actions: 1 finalized regulatory event where Riposo was barred by FINRA due to non-cooperation with an investigation related to falsified client account statements.
- Customer Disputes: 13 reported customer disputes, with allegations including unsuitable investment advice and misrepresentation.
- Terminations: 2 employment terminations. One termination from United Planners’ Financial Services of America for providing fictitious statements to clients and inappropriate financial dealings under his Doing-Business-As (DBA) name.
Allegations Against Philip Riposo
The allegations against Philip Riposo involve:
- Providing Fictitious Statements: He admitted to creating and distributing fictitious account statements.
- Misuse of Funds: Accusations of depositing client checks made out to his DBA for personal use.
- Unsuitability and Misrepresentation: Multiple customer disputes allege that Riposo recommended unsuitable investments and misrepresented investment products.
- Regulatory Non-compliance: Riposo faced a permanent bar due to failing to cooperate with FINRA’s investigation into these issues.
Philip Riposo Red Flags & Your Rights As An Investor
Of course, Philip Riposo did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Philip Riposo at United Planners’ Financial Services of America A Limited Partneron alert to review carefully the activity and performance of their accounts and question whether Philip Riposohas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at United Planners’ Financial Services of America A Limited Partner also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At United Planners’ Financial Services of America A Limited Partner Due To Philip Riposo
If you have questions about United Planners’ Financial Services of America A Limited Partner and/or Philip Riposo and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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