WARNING! Impending Investigation: RALPH SAVOIE and ING Financial (VOYA FINANCIAL)
Ralph Savoie, and ING Financial Partners (nka Voya Financial Advisors)
Have you lost money with financial advisor Ralph Savoie of Baton Rouge and Metairie, Louisiana? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Ralph W. Savoie. FINRA barred Savoie from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Savoie regarding allegations that he misappropriated or stole money at least $665,000 from at least one customer.
Ralph Savoie was a financial advisor and registered representative of Cambridge Investment Research, Inc. from July 20213 to September 2015. He also worked with ING Financial Partners (now known as Voya Financial Advisors) from March 2007 to July 2013. He worked at branch offices in Baton Rouge and Metairie, Louisiana. He was also affiliated with Savoie Financial Group LLC.
Ralph Savoie has also been the subject of a March 2015 customer complaint that was filed in Jefferson Parish, Louisiana. The suit alleges that Savoie, Alan Heisser, Guardian Life Insurance, and Savoie Financial Group induced him to purchase life insurance policies with extremely high premiums that he could not afford to maintain.
Brokerage firms like ING Financial Partners have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Louisiana and the New Orleans area. Our attorneys have also represented dozens of Ponzi Scheme victims of a former ING Financial Partners advisor, and we currently represent investors who were Ponzi Scheme victims of a former Cambridge Investment Research advisor.
Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Ralph, ProEquities, Securities America, National Securities Corp., and many others.
If you lost money with Ralph Savoie, or ING Financial Partners, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Savoie FINRA AWC
Click to view: Savoie BrokerCheck 9.23.15