Christopher Lee Goslin of Tampa Florida a stockbroker formerly registered with Harbor Lights Securities LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Goslin failed to comply with his obligation to pay a FINRA Arbitration Award to two customers who suffered losses because of Goslin’s unsuitable sales practices.
According to FINRA Public Disclosure, Goslin was subject of a customer initiated investment related arbitration claim in which the customers were collectively awarded $147,019.00 in compensatory damages based upon Goslin being found liable on their claims of the stockbroker negligently handling the investment account; breaching a contract; violating a fiduciary duty that the stockbroker owed to the customer; misrepresenting and omitting information concerning investments; effecting trades that were inappropriate; and committing fraud. FINRA Arbitration No. 16-02756 (Aug. 25, 2017). Goslin failed to confirm with FINRA whether he satisfied his obligation to pay this Award.
This is not the first time that Goslin has been sanctioned by FINRA. In particular, Goslin was fined $5,000.00 and suspended from associating with any FINRA member in any capacity based upon findings of Goslin engaging in undisclosed outside business activities while associated with Harbor Light Securities LLC. Letter of Acceptance Waiver and Consent No. 2014040343701 (Sept. 6, 2016). According to the AWC, Goslin established a company to, inter alia, provide asset protection services to customers. Compensation was provided to Goslin as part of this outside business activity. During this time; however, Goslin was prohibited under Harbor Light Securities’ procedures from engaging in outside activities without first notifying the securities broker dealer and obtaining authorization. FINRA found Goslin’s conduct violative of FINRA Rules 2010 and 3270.
FINRA Public Disclosure reveals that Goslin has been identified in eighteen more customer initiated investment related disputes that concern allegations of his misconduct while he was employed with securities broker dealers including GunnAllen Financial and J.P. Turner Company LLC and Harbor Light Securities LLC. In fact, a customer filed an initiated investment related arbitration claim concerning Goslin’s activities where the customer requested $605,450.49 in damages founded on accusations that unfounded statements were made by Goslin in regard to a real estate security purchase; fiduciary obligations had been violated; and the customer was placed into a speculative investment that was in no way suitable for the customer. FINRA Arbitration No. 15-02776 (Oct. 29, 2015).
Goslin is also the subject of a customer initiated investment related arbitration claim in which the customer sought $185,000.00 in damages based upon allegations of fiduciary duties being violated; the customer’s account having been negligently handled; the terms of a contract being violated; inappropriate DST and TIC transactions being effected; and false or misleading statements having been made to the customer concerning those investments. FINRA Arbitration No. 15-03380 (Feb. 1, 2016). Another customer filed an investment related arbitration claim regarding Goslin’s conduct where the customer requested $15,000.00 in damages supported by accusations of unwarranted fees being charged and the customer’s trust account being mismanaged. Arbitration No. 41620338 (June 21, 2016).
Goslin’s registration with Harbor Light Securities LLC has been terminated as of December 31, 2016.
