Cambridge Investment Research Archives

Cambridge Investment Research

Customer Disputes against broker John Stephen Pronovost for Unsuitable Mutual Fund

Adam J. Marquardt July 18, 2018

According to FINRA public records, broker John Stephen Pronovost has four disclosed customer disputes. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms. Customers filed the disputes against Pronovost between March and May 2018. The claims request damages amounts between $26,044.79 and $150,000. All claims are pending. Disputes against Pronovost allege

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

Adam J. Marquardt April 4, 2018

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

Investment Misconduct Blog