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Chris Russo: GPB, GWG Complaint Against Worldwide Wealth Advisor

Westbury, New York financial advisor Chris Russo (CRD# 2744913) recently received an investor complaint in connection with investments in GWG Holdings and GPB Capital. Financial Industry Regulatory Authority records show that he is a broker with B. Riley Wealth Management, doing business as Worldwide Wealth Group.

Mr. Russo’s BrokerCheck report discloses several investor complaints. The most recent, filed in June 2023, alleges that as a representative of National Securities Corporation, he recommended unsuitable investments in GWG Holdings and GPB Capital. The pending complaint alleges unspecified damages of at least $5,000.

An earlier investor complaint, filed in 2020, alleged that as a National Securities Corporation representative, he recommended an unsuitable private placement. In 2021 the complaint reached a settlement of $25,000. In a statement included with the complaint’s disclosure, Mr. Russo wrote that he was neither the broker of record nor named in the complaint.

A third investor complaint, filed in 2003, alleged that as a representative of Continental Broker-Dealer Corporation, he engaged in unauthorized trading. The complaint reached a settlement of $3,593.54.

According to the Financial Industry Regulatory Authority, Chris Russo holds 27 years of securities industry experience. Based in Westbury, New York, he has been a broker with B. Riley Wealth Management since July 2022, doing business as Worldwide Wealth Group. His past registrations include National Securities Corporation (Westbury, New York; 2007-2022), Gunnallen Financial (Westbury, New York; 2003-2007), Continental Broker-Dealer Corporation (Carle Place, New York; 1997-2003), and Sterling Foster & Company (Uniondale, New York; 1996-1997).  His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 46 state licenses. (Information current as of September 25, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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