
Cold Spring Advisory Group
Cold Spring Advisory Group Overview
The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.
Cold Spring Advisory Group has 2.1 star rating based on 4 customer reviews. Consumers are mostly dissatisfied.
- Rating Distribution
Pros: Easy to deal with, Promise to help me.
Cons: I lost 12500, Refundable, Research ive done disputes their claims.Review authors value the most Privacy and Data Security and Website. Consumers are not pleased with Discounts and Special Offers and Reliability. The price level of this organization is high according to consumer reviews.
The aggregated data is based on reviews and questionnaires provided by PissedConsumer.com users.
Cold Spring Advisory Group has 2.1 star rating based on 4 customer reviews. Consumers are mostly dissatisfied.
- Rating Distribution
Pros: Easy to deal with, Promise to help me.
Cons: I lost 12500, Refundable, Research ive done disputes their claims.Review authors value the most Privacy and Data Security and Website. Consumers are not pleased with Discounts and Special Offers and Reliability. The price level of this organization is high according to consumer reviews.
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.
- Easy to deal with
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.
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
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.
- Research ive done disputes their claims
COLD SPRING ADVISORY & LOUIS OTTIMO STOLE MY MONEY AGAIN
Cold Spring Advisory Group Claims to help investors get money back from stockbroker fraud or wrongdoing. They say call them and they will help you for an upfront fee and a percentage of the money they recoup.
Sounds great! Well Truthbetold, Here is who owns Cold Spring Advisory, he stole your money once, don't let him do it again.
LOUIS OTTIMO (CRD #260****)
More Than 10 Disclosures in 8 years, PERMANTLY BARRED and thats just a start see the link:
http://brokercheck.finra.org/Individual/Summary/260****
He has over $600,000.00 in liens and judgments BUT he has already filed bankruptcy in 2010, so he cant do it again.
WAIT, how could he file bankruptcy when he lives at
20 Tall Oak Crescent Syosset NY 11791
4661 square foot, 5.5 bathroom
Well He's in Foreclosure:
Foreclosure Information
AUG 25 2014
Home in default
The owner of this property has been served a Notice of Default.
But He sure is living the high life on your money!
Here's Where he stole it FIRST at his firm EKN Financial Services:
http://brokercheck.finra.org/Firm/Summary/113525
https://www.finra.org/sites/default/files/OHO_Ottimo_200901****201_07****.pdf
https://www.finra.org/newsroom/2012/finra-expels-ekn-financial-services-defying-sec-order-and-numerous-compliance
http://www.wsj.com/articles/SB100014****270230****304579****428********
THATS RIGHT !!! THE SAME GUY, LOUIS OTTIMO who STOLE your money at EKN Financial is now trying to take your money again!
If YOU Lost money with EKN Financial contact a REAL ATTORNEY, SUE LOUIS OTTIMO who is living it up and laughing all the way to the bank. He may be barred, but you can still go after him!
BANKRUPTCY??? not in that house, so if he REALLY had to file bankruptcy, where is the money coming from?
Can Anyone say FRAUD?
Tax Evasion, Bankruptcy Fraud, Fraud at his brokerage firm EKN
What was he doing with YOUR MONEY?
If you called COLD Spring Advisory, do yourself a favor CALL SOMEONE ELSE.
BUT IF THEY CALLED YOU , HERE'S SOMETHING YOU SHOULD KNOW.
ARE YOU A VICTIM OF IDENTITY THEFT? LOOK NO FURTHER:
Louis Ottimo and Cold Spring Advisory, Stole confidential information and also bought confidential information from people who STOLE it !!!
That's right ! Social Security Number , Date of Birth, Income, Bank Info and more.
Here's a current lawsuit:
http://pdfserver.amlaw.com/cli/memorandum/oca_memorandum_653483_****_16.pdf
How did hey get your number? How did they know. many barred brokers who were thrown out of the financial services Industry just like Louis Ottimo are calling YOU from Cold spring advisory.
You wouldn't know because they use fake names or alias.
Many of the same people that used to work for that tan guy with the pearly whites and a smile to rob you blind may have lost or stole your money or caused you harm
In fact Louis Ottimo is hiring his EX SUPERSTARS and top producing Broker CROOKS and having them call You with fake names....to help you of course.
COLD SPRING ADVISORY , LOUIS OTTIMO AND his BAND OF THIEVES that have been barred from the securities industry are going to Help you pay a fee of $7500, PLUS filing fee's and THEN give up 30- 50 % of any winnings or settlements?
BREAKING NEWS!!
COLD SPRING ADVISORY AND LOUIS OTTIMO"S NEWEST SCAM IS settling in CASH with broker and telling the client there is NOTHING that can be done. They take your fee, take the Broker's money, and LOU OTTIMO Gets to enjoy that lovely pool for one more summer.
People, if you lost money and want to seek help you can contact plenty of reputable attorneys who will do right by you.
But Louis Ottimo is Cold Spring Advisory. He is the dog that bit you ONCE, Don't let this scam artist get you again.
- Promise to help me
- I lost 12500
- Refundable
- To read my contract
Preferred solution: Have Law enforcement put this crook in Jail where he belongs
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).
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You are a liar.
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
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