Ralph W. Savoie (“Savoie”) consented to findings by FINRA that he violated FINRA rules by failing to provide documents and information requested by the FINRA staff in investigating allegations that Savoie misappropriated more than $665,000. Savoie consented to a bar from association with any FINRA member in any capacity.
Savoie was licensed with VOYA Financial Advisors, Inc. f/k/a ING Financial Partners, Inc. (“VOYA”) from March 2007 through July 2013, and with Cambridge Investments Research, Inc. (“Cambridge”) from July 2013 through September 2015. VOYA and Cambridge had a duty to supervise Savoie. One of these brokerage firms recently settled an arbitration claim for $215,000. The investors in that case alleged that Savoie induced them to invest in affiliated companies and paid himself with their funds by utilizing powers of attorney they granted to him.
If you lost money on any investments through Savoie, you may be able to recover your investment losses from VOYA and/or Cambridge.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against VOYA and/or Cambridge. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you lost money on any investments with Ralph W. Savoie and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.