{"id":1873,"date":"2018-06-11T20:38:22","date_gmt":"2018-06-11T20:38:22","guid":{"rendered":"https:\/\/brieaustin.com\/?p=1873"},"modified":"2026-10-30T08:41:49","modified_gmt":"2026-10-30T08:41:49","slug":"ongoing-claims-against-cold-spring-advisory-and-louis-ottimo","status":"publish","type":"post","link":"https:\/\/brieaustin.com\/staging\/business\/investigations\/ongoing-claims-against-cold-spring-advisory-and-louis-ottimo\/","title":{"rendered":"Ongoing Claims Against Cold Spring Advisory and Louis Ottimo"},"content":{"rendered":"<p>In a story I&#8217;ve been researching for over a year or so, a law firm just posted a new alert about Louis Ottimo, the man behind the curtain of Cold SPring Advisory Group, a supposed stock loss recovery firm.\u00a0<!--more--><\/p>\n<p>A lot of what was <a href=\"https:\/\/securitiesarbitrations.com\/coldspringadvisory\/\" target=\"_blank\" rel=\"noopener\">published\u00a0by The Guiliano Law Firm<\/a> mirrors\u00a0much of what I have reported on in my articles:<\/p>\n<ul>\n<li><a href=\"https:\/\/brieaustin.com\/staging\/2017\/02\/spot-stock-loss-recovry-scams\/\">How to spot stock loss recovery scams<\/a><\/li>\n<li><a href=\"https:\/\/brieaustin.com\/staging\/2016\/07\/investment-recovery-co-cold-spring-advisory-and-louis-ottimo-uncovered\/\">Stock Loss Recovery Co. Cold Spring Advisory Uncovered<\/a><\/li>\n<li><a href=\"https:\/\/brieaustin.com\/staging\/2016\/10\/cold-spring-advisory-louis-ottimo-confronted\/\">Louis Ottimo Confronted<\/a><\/li>\n<li><a href=\"https:\/\/brieaustin.com\/staging\/2017\/03\/how-to-lose-a-stock-loss-recovery-case-with-cold-spring-advisory-group-in-three-easy-steps\/\">How to lose a stock lose recovery case<\/a><\/li>\n<li><a href=\"https:\/\/brieaustin.com\/staging\/2017\/08\/louis-ottimo-hunter-becomes-hunted\/\">When the hunter becomes the hunted<\/a><\/li>\n<\/ul>\n<p>There is evidence that the company is run by Louis Ottimo, who is listed as a consultant to Cold SPring Advisory. But this doesn&#8217;t align with information available\u00a0during my research. He is the sole source of Cold Spring Advisory Group&#8217;s client list; he alone reviews client&#8217;s portfolio history to determine if they will take\u00a0the case; and he alone chooses the attorneys on behalf of the clients, among other things.<\/p>\n<p>As presented in earlier articles, Louis Ottimo had a long track record of defrauding clients when he was a broker, <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2606438\" target=\"_blank\" rel=\"noopener\">according to FINRA<\/a>, the securities regulatory body, and he run several companies that filed for bankruptcy, and he himself filed for\u00a0bankruptcy protection in 2017.<\/p>\n<p>In a December 2017 <a href=\"https:\/\/www.prnewswire.com\/news-releases\/piaba-non-attorney-representatives-are-real-and-growing-menace-to-investors-in-finra-arbitration-300572693.html\" target=\"_blank\" rel=\"noopener\">press release<\/a>, the Public Investors Arbitration Association\u00a0noted that <em>&#8220;Investors who are forced to rely on arbitration to deal with problem stockbrokers and brokerage firms need to think twice before they hire &#8220;non-attorney representatives,<\/em>&#8221;\u00a0 naming both Cold Spring Advisory Group and Louis Ottimo as examples.<\/p>\n<p>In an article on Financial Planning entitled &#8216;<em>Banned brokers represent investors in FINRA arbitration despite <\/em>a rule<em> to <\/em>the contrary,&#8217; the article mentions Cold Spring Advisory Group, Louis Ottimo and Michelle Ottimo, saying<\/p>\n<blockquote><p>Clients for at least one non-attorney firm went public in its defense. About 10 people identified as customers of Cold Spring Advisory Group in New York City posted letters on FINRA&#8217;s website. Cold Spring is owned by Michelle Ottimo, the wife of a former broker, Louis Ottimo, who acts as a consultant to the firm even though FINRA barred him from the industry in 2015, the PIABA study says.<\/p><\/blockquote>\n<p><i>If you want more information about and or suspect fraud, check out the FINRA ALERTS and\/or file a complaint using FINRA\u2019s online\u00a0<\/i><a href=\"https:\/\/www.finra.org\/complaint\/\" target=\"_blank\" rel=\"noopener\"><i>Investor Complaint Center<\/i><\/a><i>\u00a0or call FINRA at (240) 386-HELP (4357).<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a story I&#8217;ve been researching for over a year or so, a law firm just posted a new alert about Louis Ottimo, the man behind the curtain of Cold SPring Advisory Group, a supposed stock loss recovery firm.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ba_format":"Investigation","ba_short_answer":"","ba_case_file":"2228","ba_archive_note":"","ba_updated":"","footnotes":""},"categories":[335],"tags":[289,288,291],"class_list":["post-1873","post","type-post","status-publish","format-standard","hentry","category-investigations","tag-cold-spring-advisory","tag-louis-ottimo","tag-stock-loss-recovery"],"_links":{"self":[{"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/posts\/1873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/comments?post=1873"}],"version-history":[{"count":1,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/posts\/1873\/revisions"}],"predecessor-version":[{"id":1874,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/posts\/1873\/revisions\/1874"}],"wp:attachment":[{"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/media?parent=1873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/categories?post=1873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brieaustin.com\/staging\/wp-json\/wp\/v2\/tags?post=1873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}