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Private Placements

Scott Lindsay Reed Has Nine Disclosed Customer Disputes

According to the Financial Industry Regulatory Authority, Inc. (FINRA) public records, broker Scott Lindsay Reed has nine disclosed customer disputes.  FINRA registers and regulates brokers and brokerage firms. Scott Reed’s customers filed the claims between May 2017 and April 2018.  All claims are pending.  The requested damage amounts range from $268,000 to $1,681,430.  Claims allege

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Ralph Savoie Pleads Guilty to Federal Charges for his $1.5 Million Ponzi Scheme

According to a press release from the U.S. Attorney’s Office for the Middle District of Louisiana, on March 28, 2018, former stockbroker Ralph Savoie pled guilty to federal mail fraud charges for operating a Ponzi scheme.  Investors who lost money to Savoie may still have recovery options. The U.S. Attorney’s Office reported Savoie admitted in

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