Securities Arbitration Lawyers BlogBaton 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.