Were you the victim of Osaic Wealth, Inc. broker Russell Stout (CRD# 4525503)? He has been registered with Osaic Wealth, Inc. in Syracuse, New York, since 2023. He was registered with Sagepoint Financial, Inc. in Syracuse, New York, from 2020 to 2023, and M&T Securities, Inc. in New Hartford, New York, from 2012 to 2020.
Russell Stout Customer Complaints
He has been the subject of three customer complaints between 2012 and 2026, two of which were denied, according to his CRD report:
February 2026. “Client alleges financial professional failed to follow instructions and placed unauthorized trades in a discretionary account.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks and closed-end internal funds.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Osaic Wealth, Inc. may be liable for investment or other losses suffered by Russell Stout’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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