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Robert K. Savage is a New Jersey native who has been living in Florida for more than 25 years. He earned his Master of Business Administration degree and his law degree from the University of Florida and has been a member of the Florida Bar since January 1994. Mr. Savage has significant experience in all manner of business disputes, insurance disputes and securities brokerage compliance and regulatory matters, including defending brokers who have been sued. He is licensed to practice in all Florida state courts as well as the Federal District Court for the Middle District of Florida.
Since graduating from the University of Florida with his undergraduate, master of business administration and law degrees, Mr. Savage dedicated his practice to helping his clients to achieve their goals.
Between 2010 and 2015, Mr. Savage was on the faculty of two law schools where he founded legal clinics to provide free legal services to those who could not afford an attorney. From 2010-2013 Mr. Savage was a professor at Florida International University School of Law, and then from 2013-2015, he taught at Western Michigan University Cooley Law School.
Mr. Savage was senior in-house counsel and chief compliance officer for a large regional brokerage firm where he and the two other founding members began the brokerage firm with three administrative staff and less than ten brokers. In the ensuing years, they grew the firm to more than 500 employees across most of the United States.
Mr. Savage worked in New York City as a regulator with the National Association of Securities Dealers, Inc. (NASD), now known as the Financial Industry Regulatory Authority (FINRA). During Mr. Savage’s time as a regulator, he investigated numerous customer complaints against registered representatives and brokerage firms.
- Stockbroker & Investment Fraud
- Business Law
- Insurance Defense
- Rates, Retainers and Additional Information
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- Florida
- The Florida Bar
- ID Number: 995576
- Michigan
- State Bar of Michigan
- ID Number: P83270
- English: Spoken, Written
- Founding Member / Attorney
- Savage Villoch Law, PLLC
- - Current
- University of Florida
- MBA | Business Administration
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- University of Florida Levin College of Law
- J.D. | Law
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- Top 20 Law Professors in Florida
- Online Schools Florida
- Distinguished
- Martindale-Hubbel Lawyers Service
- Michigan State Bar # P83270
- Member
- - Current
- Florida State Bar # 995576
- Memeber
- - Current
- 7 Signs You May Be the Victim of an Investment Scam
- The legal blog of Savage Villoch Law, PLLC
- Solo Success; Practical Advice on Starting Your Law Practice, Phi Delta Phi legal fraternity
- Phi Delta Phi
- Certified Circuit Civil Mediator
- Florida Supreme Court
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- Savage Villoch Law, PLLC Website
- Blog
- Savage Villoch Law, PLLC Blog
- 7 Signs You May Be the Victim of an Investment Scam
21 January 2019 - Ponzi Scheme vs Pyramid Scheme: What’s the Difference and What to Do if You’re Caught Up in One
7 January 2019 - How ADR Abuse Can Lead to Investment Fraud
31 December 2018 - Investment Loss: Is It Due to Market Conditions or Broker Misconduct? Find out Here!
18 December 2018 - 5 Tips for Navigating a Volatile Stock Market
17 December 2018 - The Investor’s Recovery Plan: What to Do If You’ve Lost Money in the Stock Market
4 December 2018 - 5 Tips for Hiring a Securities Attorney
29 November 2018 - The Tell-Tale Signs That You Have Been a Victim of Stock Fraud
19 November 2018 - What to Do If You’re a Victim of Investment Fraud
15 November 2018
- Q. How serious is it if somebody who has a series 7 license opens an account in my mine and then cashes out the profits?
- A: Hi, I agree: this is definitely shady and wrong. Your spouse is not permitted to sign your name unless you signed a power of attorney document giving him the explicit authority to do so. Thus, if your spouse forged your signature, most fact finders would determine that that is fraud. If the stockbroker was aware that your husband forged your signature then I would argue that the stockbroker and brokerage firm are also responsible for the money that your spouse took from you using a forged signature. Also, depending on the specific facts of the situation the stockbroker and his/her brokerage firm may be responsible even if they did not have direct knowledge but the circumstances were such that they should have known. Further, if the stockbroker and brokerage firm took direction from your spouse in an account that is in your name only, they are likely for the damages caused because neither the stockbroker nor the brokerage firm are permitted to take orders from someone who is not the account holder, except in very limited circumstances (See: power of attorney). While PNC Bank is not a brokerage firm in this instance, I imagine that the only way they allowed your spouse to get login credentials on your account is based on additional fraudulent documents. I think PNC Bank should have at least verified with you that someone was setting up login credentials so you could have stopped it. You should definitely pursue these bad acts and let your family law lawyer know about what happened so she or he can notify the judge of this bad behavior. Good luck in pursuing your spouse's shady dealings.
