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.