Philip Ciantro Allegedly Failed to Maintain a Minimum Net Capital

Philip Ciantro (CRD #: 2350685), a broker registered with Kensington Capital Corp., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 3, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 29, 2024, Philip Ciantro entered into an Acceptance, Waiver, and Consent agreement following allegations that he permitted his member firm to conduct securities business for 43 days while it failed to maintain its required minimum net capital of $5,000. The findings state that in his capacity as Financial and Operations Principal (FinOP), he was responsible for suspending business operations when the firm had a net capital deficiency. 

As part of the terms of the AWC, Philip Ciantro consented to a one-month suspension from serving as a FinOP and a $5,000 fine. 

You can read a copy of the AWC here. 

Background Information 

Philip Ciantro has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in five states: California, Connecticut, Indiana, New Jersey, and Ohio. 

Philip Ciantro has registered with eight firms: 

• Kensington Capital Corp. (CRD #: 1742) 
• Wealth Space Asset Management (CRD #: 127507) 
• First Asset Financial (CRD #: 139107) 
• Arcview Capital (CRD #: 306029) 
• Cape Securities (CRD #: 7072) 
• American Global Wealth Management (CRD #: 7388) 
• White Oak Merchant Partners (CRD #: 140142) 
• Elara Securities (CRD #: 151232) 

Kurta Law Can Help 

If you have worked with Philip Ciantro and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.