Michael Jason Ripper of Memphis Tennessee a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he neglected to furnish information to FINRA when FINRA formally requested him to do so. Case No. 2015048052801 (May 9, 2017).
FINRA Public Disclosure confirms that prior to FINRA’s disciplinary action, on October 29, 2015, LPL Financial LLC discharged Ripper founded on accusations that Ripper engaged in questionable sales practices concerning unit investment trust products.
FINRA subsequently inquired into Ripper’s activities. After having been unable to gather information from Ripper in reference to his activities, FINRA issued Ripper a Notice of Suspension on February 6, 2017. He was then suspended on March 12, 2017. Ripper was allowed until May 8, 2017 to either request that his suspension be terminated or otherwise comply with FINRA’s requests. Since Ripper failed to do so, FINRA automatically barred him on March 9, 2017.
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