DID RUSSELL PAUL GREEN CAUSE YOU INVESTMENT LOSSES?
Russell Green Of Cabot Lodge Securities Has 6 Customer Complaints For Alleged Broker Misconduct
About Russell Green of Cabot Lodge Securities?
Russell Green (CRD #1391627) is a seasoned broker currently registered with Cabot Lodge Securities LLC and CL Wealth Management LLC, based in Syosset, NY, since late 2018. He holds registrations in 8 U.S. states and is a member of 1 Self-Regulatory Organization. His diverse registration history includes firms such as Lehman Brothers Inc., Smith Barney Inc., and B. Riley Wealth Management. Throughout his extensive career, Russell has appeared to have studied regulatory compliance and industry standards by passing 6 principal/supervisory exams, 4 general industry/product exams, and 2 multi-state securities law exams, but a number of negative disclosures indicate he may not have put his studies to work in the field.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Russell Green Customer Complaints and Reviews
- Russell P. Green has several disclosure events in his BrokerCheck report:
- Regulatory Event (1 incident): In 2014, Russell was sanctioned by FINRA for not ensuring the completion of necessary information in a transaction involving potentially restricted stock. He received a 10-business day suspension and paid a $5,000 fine.
- Customer Dispute (6 incidents):
- Awarded (1994): A complaint from 1993 for churning and misrepresentation was awarded $18,266.80 in damages against him.
- Settled (2018): A claim from 2017 alleging excessive trading and unsuitable recommendations with requested damages of $1,250,000 was settled for $250,000, with no financial contribution from Russell.
- Settled (1995): Another claim in 1994 for unsuitable transactions settled for $27,668.25, again without his contribution.
- Settled (1991): A complaint for unauthorized transactions resolved with a settlement of $81,277, paid by his employing firm.
Allegations Against Russell Green
- Regulatory Actions:
- Failed to ensure necessary information was obtained for a transaction involving control or restricted stock, leading to a FINRA sanction in 2014.
- Customer Complaints:
- Churning, suitability issues, and misrepresentation in handling client accounts.
- Unauthorized trading and excessive trading lead to significant financial settlements.
- Claims involving unsuitable and excessive trading practices leading to a $250,000 settlement.
- Multiple settlements indicating possible issues with trading practices and recommendations without direct financial penalty to Russell.
Russell Green Red Flags & Your Rights As An Investor
Of course, Russell Green did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Russell Green at Cabot Lodge Securities on alert to review carefully the activity and performance of their accounts and question whether Russell Green has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cabot Lodge Securities also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Cabot Lodge Securities Due To Russell Green
If you have questions about Cabot Lodge Securities and/or Russell Green and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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