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Former Cambridge Broker Ralph Savoie Accused of Misconduct, Meyer Wilson Investigates

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.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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