Russell Green: $410K Complaint Against RPG Wealth Advisor

Syosset, New York financial advisor Russell Green (CRD# 1391627) recently received an investor complaint alleging that his conduct resulted in damages of more than $400,000. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Cabot Lodge Securities and an investment advisor with CL Wealth Management, doing business as RPG Wealth Management.

Mr. Green’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Cabot Lodge Securities, he violated the Pennsylvania Unfair Trade Practices and Consumer Protection Law, breached his fiduciary duty, and mishandled the customer’s account. The pending complaint alleges damages of $410,000.

An earlier investor complaint, filed in 2018, alleged that as a representative of Wunderlich Securities and B. Riley Wealth Management, he recommended unsuitable investments and made excessive trades. In 2018 the complaint reached a settlement of $250,000.

A third investor complaint, filed in 1994, alleged that as a Shearson representative, he made unsuitable transactions, used margin unsuitably and without authorization, misrepresented material facts, and made excessive trades. In 1995 the complaint reached a settlement of $27,668.25.

A fourth investor complaint, filed in 1991, alleged that as a representative of Shearson, he made unauthorized transactions. The complaint reached a settlement of $81,277.

RPG Wealth Management’s website includes a profile of Mr. Green in which he describes his background and experience. “I am committed to helping people pursue their financial goals by offering a wide range of financial products and services to individuals and business owners,” he writes. “You will be better able to identify your goals and make sound decisions to help achieve financial freedom with my efforts in providing personalized investment advice.” In a page describing the firm’s philosophy, meanwhile, he stresses his focus on developing personalized strategies. “Building wealth, funding retirement, maximizing current income or other objectives takes time, and with open communication and financial discipline,” he states, “I strive to develop an effective strategy just for you.”

According to the Financial Industry Regulatory Authority, Russell Green holds 38 years of securities industry experience. Based in Syosset, New York, he has been a broker and an investment advisor with Cabot Lodge since 2018, doing business as RPG Wealth Management. His credentials include the passage of 12 securities industry qualifying exams, including: the Municipal Securities Principal Examination, or Series 53; the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the Registered Options Principal Examination, or Series 4; the General Securities Sales Supervisor – General Module Examination, or Series 10; and the General Securities Sales Supervisor – Options Module Examination, or Series 9. He is licensed in California, Colorado, Connecticut, Florida, Michigan, New Jersey, New York, and Pennsylvania. (Information current as of April 6, 2024.)

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.