Cold Spring Advisory Group
19.5K
CLAIMED LOSSES
6
TOTAL REVIEWS
6K
PAGE VIEWS
Cold Spring Advisory Group Reviews
F M Tlz
New York, New York
Good Company
I have know Lou for a year now. I see how he helps so many people recover money from Broker/Dealers. He is very passionate about making sure all his clients do not get hurt and always is honest. I have seen this first hand. I would refer him to anyone who is suffering from a financial loss from predatory Brokers. To much scam and loss happens to the elderly people in this county. Cold Spring does their job. Not everyone can be happy and not everyone who goes for help can recover a loss but most do. I need to say a 100 words to complete this posting and I pretty much said it all. BUT I will say I do understand that people have high expectations and when they do not get what they want they complain. More people complain then put up good postings about business and most postings are done in revenge and that is sad but it does happen. I am fair when I post a review weather it is a good or not good posting because I am also a businessman who understands how consumes are.
Pros:
- Easy to deal with
Reason of review:
Reliable warranty
3 comments
Wynelle Brl
New York, New York
Louis Ottimo of Cold Spring Advisory Files Chapter 7 Bankruptcy
We’ve been following an interesting case of a former stock broker. he was in the securities industry for many years, and had many sanctions, liens, withheld crucial information in filings, failed to make filings, and was ultimately barred from the industry by FINRA. Now Louis Ottimo of Cold Spring Advisory files Chapter 7 Bankruptcy. Mr. Ottimo has had been attached to controversy most of his career; he’s been sanctioned, been sued, had liens filed, and was attached to many companies that he ran, either on paper or not, that have all either filed bankruptcy and/or been sanctioned by the industry regulatory body (and other agencies).
Reason of review:
Poor customer service
Karyme Osu
Research
I caught wind of Cold Spring Advisory and Louis Ottimo and researched them. The more I dug, the more ominous it began to look. A former broker that was barred from the securities industry now collects upfront fees to go after people like him. I received a call from Louis Ottimo about a month ago, partly in reference to the article I wrote in September about him and his affiliation with Cold Spring Advisory, and also about me reaching out to a client. none answered the call, though I'm not surprised. You can't defend a house of cards against even a hint of a negative wind. Louis claims to be just a consultant, but my research into the matter revealed that he had far more access to the day to day business affairs of Cold Spring Advisory than he claimed. In fact: Louis Ottimo was the sole source of their client lead list; he engaged with and choose the lawyers that would represent said clients; he generated the checks to pay such lawyers; he alone interviewed all clients and their stock portfolios; and; he alone determined the up front fees to charge said clients. By this account, whether he was paid as an employee or a consultant, nonetheless made him essentially a de facto employee of the company.
Cons:
- Research ive done disputes their claims
2 comments
Anonymous
Tok, Alaska
Do not trust
I was contacted and told to gather and send all of my statements and confirmations from the last several years. Having been taken for I ride only already I decided to do some digging. Upon doing my research I discovered that the proprietors of this organization are all former stock brokers themselves. They themselves have been bared from securities trading and their firms shut down by the SEC. In fact I learned that one of their employees even worked at the firm that lost me my money! If it sounds too good to be true it probably is!!! Nice try but this old dog finally learned his lesson.
Anonymous
Ashburn, Virginia
They stole over 7,000 from me
They took a look at all my statements from firms I dealt with for free. They told me i had a really solid case. Than when it was time to proceed with the case I was charged over 7,000 in fees and got nothing in return. These guys are worse crooks than the actual brokers. Smooth talking, after do more investigation all these guys are actually ex brokers who got barred by the SEC. My broker informed me these guys steal clients lists and harass individuals to sue there brokers. How is that legal in any way. These guys are scam artist and I am filing a suit against them
Loss:
$7000
Reason of review:
Poor customer service
4 comments
Anonymous
New York, New York
Louis Ottimo and Cold Spring Advisory are a group of individuals whom where disbarred for stealing investors money. They have now found a loophole to continue to steal money from investors with our being regulated by FINRA.
Take a look at their track record, they are 1 for 26.
The only people that win is them collecting up-front retainers and are engaged in the unauthorized practice of law. https://www.financial-planning.com/news/in-finra-arbitration-banned-brokers-represent-investors-as-do-others-with-criminal-histories
He was barred from the business from scamming people and even went bankrupt, look up his brokerage license. Lou is a piece of *** that's the type of person you want representing you
You are a liar.