Baton Rouge Broker Ralph Savoie Permanently Barred by FINRA

Ralph Savoie refused to respond to requests for information from the FINRA.

After 40 years in the financial services industry, Ralph Savoie has been permanently barred by the FINRA. His most recent place of employment was as a broker for the firm Cambridge Investment Research in Metairie, Louisiana where he worked from 2013 to 2015. He also worked for ING Financial Partners in Baton Rouge from March 2007 to July 2013.

FINRA barred Savoie as a result of his refusal to respond to requests for information pertaining to an investigation. He is being investigated for misappropriating funds of $665,000 from one client and for outside business activity without approval. He has also been accused of fraud for selling a client a life insurance policy that was priced well beyond the client’s means.

If you have used Savoie as a financial advisor or are interested in learning more about this investigation, you can review his BrokerCheck report which is a free service provided by the FINRA.

It’s important to know that when it comes to financial investments, you have certain rights and your broker or financial advisor has specific responsibilities. If you have lost money at the hands of a trusted advisor, seeking the advice of an experienced experienced securities attorney is highly recommended.

The attorneys at Silver Law Group are leaders in the field of FINRA and securities arbitration. We represent individual and institutional investors across the United States that have lost money at the hands of a trusted financial advisor. We provide our services on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. For more information, contact us for a complimentary consultation.