|

April 16, 2012

Florida Broker Barred by FINRA for Conducting Business with Unregistered Person

business man holding his head with text asking questions about stock broker misconduct

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:"

Sergio M. Ripamonti (CRD #2786045, Registered Representative, Sunny Isles Beach, Florida)

submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Ripamonti consented to the described sanction and to the entry of findings that he conducted a securities business with an unregistered person.

The findings stated that Ripamonti took instructions from, and acted for the financial benefit of, the unregistered person, who needed access to a broker-dealer to place trades for his customers. Even after Ripamonti learned that FINRA had barred the unregistered person from association with a member firm, he continued to act as a broker-of-record for customer accounts clandestinely controlled by the unregistered person.

The findings also stated that Ripamonti accepted and placed dozens of trades for customer accounts at the behest of the unregistered person; and facilitated the unregistered person’s unauthorized access to the customers’ account information stored on the member firm’s trading system, by providing the unregistered person with his password to the firm’s system. The findings also included that Ripamonti was reimbursed for certain expenses using commission monies generated from trades for the customer accounts controlled by the unregistered person.

(FINRA Case #2010020869801)

The information from FINRA’s website has ended.

Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide.

For a free consultation with an attorney, please call 888-760-6552, or visit our website at: www.securitieslawyer.com.

Contact us

S H A R E T H I S P O S T

Recent Posts

August 17, 2026

Jeffrey L Bangerter of Concorde Investments & Formerly of Berthel Fisher

Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]

August 17, 2026

THEODORE W BYRER Suspended by FINRA

THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]

August 13, 2026

MARK L SULLIVAN Fined and Suspended

MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]

Contact us Nationwide USA

2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062

Phone: 1-888-760-6552
Fax: 1-954-760-6553
Email: info@securitieslawyer.com

Helping clients recover money across the USA