Cold Spring Advisory Group Reviews

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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.
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3 comments
#1721769

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

#1694565

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

#1568899

You are a liar.

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ID
#1205476 Review #1205476 is a subjective opinion of poster.
Location
New York, New York
Service
Cold Spring Advisory Group Customer Care
Pros
  • Easy to deal with
Reason of review
Reliable warranty
New Reviewer

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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ID
#963278 Review #963278 is a subjective opinion of poster.
Location
New York, New York
Reason of review
Poor customer service
New Reviewer

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.
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2 comments
#1397786

We just received a threatening telephone call from a John Murphy at Coldspring Advisory based upon an article we wrote exposing their antics and operation and “cold” calling victims from lists they obtained from the bad brokers themselves. If we did not take down our article, they would hire people to write bad reviews about us all over the internet.

https://securitiesarbitrations.com/coldspringadvisory/

#1261374

Seems now that they are giving financial advise. The last i was a aware brokers barred from FINRA weren't allowed to give financial advise under law, and Louis Ottimo has been barred and appears to be the driving force behind Cold Spring Advisory

http://www.digitaljournal.com/pr/317****

http://www.brieaustin.com/2016/10/cold-spring-advisory-louis-ottimo-confronted/

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ID
#961123 Review #961123 is a subjective opinion of poster.
Cons
  • Research ive done disputes their claims

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.
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ID
#928288 Review #928288 is a subjective opinion of poster.
Location
Tok, Alaska

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
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4 comments
#1397787

We just received a threatening telephone call from a John Murphy at Coldspring Advisory based upon an article we wrote exposing their antics and operation and “cold” calling victims from lists they obtained from the bad brokers themselves. If we did not take down our article, they would hire people to write bad reviews about us all over the internet.

https://securitiesarbitrations.com/coldspringadvisory/

#1219825

I too was taken by Jennifer Tarr. She and her company Cold Spring Advisory are crooks.

In so sorry I listened to this women. She is a liar.

She's the one that should be thrown in jail. She's the one that she be fined.

#1282182
@PissedConsumer1219825

Hi anonymous can you please call regarding your dealings with Cold Spring Advisory. Bill 631-463-****

#1208987

Cold Spring Advisory is known for saying "whatever it takes" to convince people to sue a broker firm regardless of merit. Cold Spring Advisory is composed of all shady characters, felons, and con artists.

They will basically flat out say, "well just claim everything against the broker and firm and they will just settle b/c no-one wants to go to court. Well guess what, they haven't been relaying MANY settlement offers and in addition losing in court. RESULTING in another loss to the brokerage firm client.

Examples:

FINRA DISPUTE RESOLUTION

CASE #: 15-0****

Stephen McCourt (Claimant) vs.

Labron Manosa Toles and Sonya Terez Still (Respondents)

REPRESENTATION OF PARTIES: For Claimant Stephen McCourt: Jennifer Tarr, Cold Spring Advisory Group, New York, New York. Respondent Labron Manosa Toles ("Toles") did not enter an appearance in this matter. For Respondent Sonya Terez Still (Still"): Marc S. Gottlieb, Esq., Sanders Ortoli Vaughn-Flam Rosenstadt, LLP, New York, New York.

NATURE OF DISPUTE: Customer vs. Associated Persons Statement of Claim filed on or about: December 1, 2015. CASE SUMMARY: Claimant asserted the following causes of action: unsuitability, failure to supervise, and breach of fiduciary duty. The causes of action relate to various securities including Deer Consumer Products stock.

Respondent Still requested expungement of her CRD records. RELIEF REQUESTED: In the Statement of Claim, Claimant requested: Compensatory Damages: Costs: Other: $ 31,258.00 $ 2,500.00 Unspecified AWARD: The undersigned Arbitrator has decided and determined in full and final resolution of the issues submitted for determination as follows: 1) Claimant's Claims Are Denied In Their Entirety. 2) Respondent Still's request for expungement of this matter from her CRD records is denied. 3) FINRA Dispute Resolution shall retain the $600.00 filing fee that the Claimant deposited previously.

4) Respondents are jointly and severally liable for and shall pay to Claimant $300.00 to reimburse Claimant for one half of the filing fee previously paid. 5) All other relief requests are denied. OTHER FEES: FINRA Dispute Resolution has assessed Seaboard Securities, Inc. the $750.00 Member Surcharge and the $1,750.00 Member Process Fee.

FINRA DISPUTE RESOLUTION CASE #. 15-0**** Michael J. Stott (Claimant) vs. Gregory T.

Dean, Daniel Dvorznak, Anthony Minerva, and Michael A. Valdini (Respondents) REPRESENTATION OF PARTIES: Claimant Michael J. Stott: Jennifer Tarr, Cold Spring Advisory Group, New York, New York Respondents Gregory T. Dean, Daniel Dvorznak, Anthony Minerva, and Michael A.

Valdini: Ian J. Frimet, Esq., Wexler Burkhart Hirschberg & Unger, LLP, Garden City, New York NATURE OF DISPUTE: Customer vs. Associated Persons Statement of Claim filed on or about: November 19, 2015 CASE SUMMARY: Claimant asserted the following causes of action: unsuitability, failure to supervise, fraud, and misrepresentation. The causes of action relate to Claimant's investments in call options in Intuitive Surgical, Inc., Yelp, and Green Mountain Coffee, put options in Tesla and Netflix, and stock in Organovo Holdings Inc.

RELIEF REQUESTED: In the Statement of Claim, Claimant requested: Compensatory Damages: $50,000.00 Other: Unspecified AWARD: The undersigned Arbitrator has decided and determined in full and final resolution of the issues submitted for determination as follows: 1) Claimant's claims are denied in their entirety. 2) All other relief requests are denied. 3) The Office of Dispute Resolution shall retain the $600.00 filing fee that Claimant deposited previously. 4) Respondents are jointly and severally liable for and shall pay to Claimant $300.00 to reimburse Claimant for one-half of the filing fee previously paid to the Office of Dispute Resolution.

OTHER FEES: As Respondents Gregory T. Dean, Daniel Dvorznak, Anthony Minerva. and Michael A. Valdini's former firm, the Office of Dispute Resolution has assessed against J.D.

Nicholas & Associates, Inc.

the $750.00 Member Surcharge and $1,750.00 Member Process Fee. OTHER ISSUES: The Arbitrator acknowledges that he has read the pleadings and other materials filed by the parties.

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ID
#910594 Review #910594 is a subjective opinion of poster.
Location
Ashburn, Virginia
Reason of review
Poor customer service
Loss
$7000
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...
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10 comments
#1282239

please contact me bill weller 631-463-****

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ID
#748213 Review #748213 is a subjective opinion of poster.
Location
New York, New York
Pros
  • Promise to help me
Cons
  • Taking my money saying its not refundable to read my contract
  • I lost 12500
  • Refundable
Reason of review
total scam, promised results and kept my money. Instead of helping me, they took more of my money
Loss
$12500
Preferred solution
Have Law enforcement put this crook in Jail where he belongs

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