Ralph Willard Savoie (CRD# 411660)
accepted and consented to findings by the Financial Industry Regulatory Authority (FINRA) that
accused him of refusing to respond to their requests for information and
documentation in connection with an investigation into misappropriation
claims. According to FINRA, Savoie was being investigated for allegations
that he misappropriated more than $665,000 from a least one firm customer.
Without admitting or denying the findings, Savoie signed the letter of
Acceptance, Waiver & Consent on September 11, 2015. Doing so means
he consented to FINRA’s sanctions, including a permanent bar from
the securities industry.
Savoie’s regulatory report also indicates he was terminated from
Cambridge Investment Research on August 11, 2015 for his failure to disclose
and receive approval for an outside business activity. He also has one
current customer dispute pending for allegations of fraud against Savoie
regarding a life insurance policy.
If Ralph Savoie was your broker and you suffered financial losses, we encourage
you to contact the investment fraud lawyers at Meyer Wilson for a
free review of your legal rights and options.