Ralph W Savoie—Refusing to Provide Information During Investigation that Savoi Misappropriated Funds

Ralph W. Savoie Allegedly Refused to Provide Documents and Information during an Investigation into Allegations that He Misappropriated $665,000 from at Least One CRD Customer

Ralph W. Savoie allegedly refused to provide documents and information during an investigation into allegations that he misappropriated $665,000 from at least one Cambridge Investment Research Advisors, Inc. (CRD) customer, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Savoie has been associated with several FINRA member firms since 1970, and was most recently registered with Cambridge Investment Research Advisors, Inc. from July 30, 2013 until August 11, 2015, the AWC reports.

Savoie received a request from FINRA to provide documents on August 14, 2015, and, on August 28, 2015, Savoie, through counsel, provided FINRA staff with a written response that was allegedly deficient in that it failed to supply certain specific documents and information requested by the staff, the AWC notes.

The Peiffer Rosca Wolf securities rights lawyers are currently investigating Ralph W. Savoie’s alleged refusal to provide documents and info to FINRA.

Ralph W. Savoie, by failing to provide documents and information as requested by FINRA staff, violated FINRA Rules, and purportedly did not ”observe high standards of commercial honor and just and equitable principles of trade”, according to according to a FINRA Letter of Acceptance, Waiver and Consent currently under review by attorneys Joe Peiffer and Alan Rosca.

As a result, Savoie has been barred from associating with any FINRA member firm in any and all capacities, the AWC reports.

It should also be noted that Savoie neither accepted and consented, “without admitting or denying the findings, and solely for the purposes of this proceeding and any other proceeding brought by or on behalf of FINRA”, the AWC notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of misappropriation of client funds. They are currently investigating Ralph W. Savoie’s alleged misappropriation of client funds. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ralph W. Savoie’s alleged misappropriation of client funds may contact the investment rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1206 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.