{"id":10775,"date":"2022-07-14T10:39:29","date_gmt":"2022-07-14T14:39:29","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10775"},"modified":"2022-07-14T10:39:29","modified_gmt":"2022-07-14T14:39:29","slug":"philip-riposo-barred-after-creating-false-statements-to-hide-misappropriations","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/philip-riposo-barred-after-creating-false-statements-to-hide-misappropriations\/","title":{"rendered":"Philip Riposo Barred After Creating False Statements To Hide Misappropriations"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10776 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/07\/Philip-Riposo.png\" alt=\"Philip Riposo (Philip Anthony Riposo CRD# 400056) is a former broker and investment advisor last registered with United Planners' Financial Services Of America A Limited Partner (CRD#:20804) of Cave Creek, AZ. Previous employers include Cadaret, Grant &amp; Co., Inc. (CRD#:10641) of New Bedford, MA, LPL Financial Corporation (CRD#:6413) of East Falmouth, MA, and Securities America, Inc. (CRD#:10205) of Lavista, NE. He has been in the industry since 1973.  Philip Riposo was terminated from United Planners on 3\/3\/2022 after the firm discovered that he was accepting and depositing client checks made out to the name of his \u201cDoing Business As\u201d name (DBA), Riposo Asset Management. Additionally, Philip Riposo also created fictitious account statements and provided them to the clients from whom he received money for his DBA. The firm prohibits both activities. Upon investigation by United Planners, Riposo admitted to both, and was subsequently terminated.  United Planners issued a Uniform Termination Notice of Securities Industry Registration (Form U5) on 3\/8\/2022, detailing the reasons for termination. FINRA began its own investigation on 3\/9\/2022, requesting that Riposo appear for on-the-record testimony via videoconference on two occasions. The first was 3\/15\/2022, in which Riposo failed to appear, as well as the second, 3\/28\/2022. Riposo failed to appear on both occasions, violating FINRA Rules 8210 and 2010.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/07\/Philip-Riposo.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/07\/Philip-Riposo-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Philip Riposo (Philip Anthony Riposo CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/400056\" target=\"_blank\">400056<\/a>) is a former broker and investment advisor last registered with United Planners&#8217; Financial Services Of America A Limited Partner (CRD#:20804) of Cave Creek, AZ. Previous employers include Cadaret, Grant &amp; Co., Inc. (CRD#:10641) of New Bedford, MA, LPL Financial Corporation (CRD#:6413) of East Falmouth, MA, and Securities America, Inc. (CRD#:10205) of Lavista, NE. He has been in the industry since 1973. <a href=\"https:\/\/www.silverlaw.com\/blog\/philip-riposo-barred-after-creating-false-statements-to-hide-misappropriations\/#more-10775\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philip Riposo (Philip Anthony Riposo CRD# 400056) is a former broker and investment advisor last registered with United Planners&#8217; Financial Services Of America A Limited Partner (CRD#:20804) of Cave Creek, AZ. Previous employers include Cadaret, Grant &amp; Co., Inc. (CRD#:10641) of New Bedford, MA, LPL Financial Corporation (CRD#:6413) of East Falmouth, MA, and Securities America, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[591,580],"tags":[],"class_list":["post-10775","post","type-post","status-publish","format-standard","hentry","category-misappropriation","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Philip Riposo Barred For False Statements To Hide Misappropriations<\/title>\n<meta name=\"description\" content=\"Philip Riposo is a former broker and advisor last registered with United Planners&#039; Financial Services Of America of Cave Creek, AZ.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Barred For False Statements To Hide Misappropriations","description":"Philip Riposo is a former broker and advisor last registered with United Planners' Financial Services Of America of Cave Creek, AZ.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/philip-riposo-barred-after-creating-false-statements-to-hide-misappropriations\/","twitter_card":"summary_large_image","twitter_title":"Philip Riposo Barred For False Statements To Hide Misappropriations","twitter_description":"Philip Riposo is a former broker and advisor last registered with United Planners' Financial Services Of America of Cave Creek, AZ.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/07\/Philip-Riposo.png","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 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