Craig Michael Gould of New York New York a stockbroker and supervisor currently associated with Cabot Lodge Securities LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Gould, inter alia: (1) possibly neglected to supervise disclosures pertaining to the compensation paid on real estate investment trust products offered to investors (2) potentially failed to supervise the offering and organization expenses pertaining to the real estate investment trust offering. Case No. 2014041530301 (Jan. 16, 2019).
This is not the first time that Gould has been subject of a FINRA action concerning his alleged misconduct. Particularly, Gould was fined $5,000.00 and suspended by FINRA in all capacities based upon his consent to findings that he neglected to make required disclosures about judgments entered against him; conduct violative of FINRA Rules 2010, 1122 and FINRA By-Laws Article V, Section 2(c). Letter of Acceptance, Waiver and Consent No. 2014041530301 (Dec. 29, 2015).
FINRA Public Disclosure additionally reveals that Gould is referenced in a customer initiated investment related arbitration claim in which the customer was awarded compensatory damages based upon Gould being found liable on the customer’s claims of Gould and his employer at the time, Wunderlich Securities: negligently servicing the customer’s investment account; effecting an unauthorized liquidation of the customer’s stock holdings; and placing unsuitable transactions in the customer’s account given the customer’s financial circumstances and objectives for investing. FINRA Arbitration No. 07-02723 (Mar. 25, 2008).
