Christopher Lee Goslin, of Tampa, Florida, a stockbroker formerly registered with Harbor Lights Securities, LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014040343701 (Sept. 6, 2016).
According to the AWC, while associated with Harbor Lights Securities, Goslin worked with an asset and tax protection company, where he was provided $100,000.00 in compensation between May of 2013 and January of 2014. Goslin evidently engaged in these activities while failing to inform Harbor Lights Securities, which ran afoul of the company’s policies. Apparently, no approval had ever been provided by Harbor Lights Securities for Goslin to engage in the outside business activities. FINRA found that Goslin’s conduct was violative of FINRA Rules 2010 and 3270.
FINRA Public Disclosure confirms that Goslin has been identified in twenty customer initiated investment related disputes pertaining to allegations of his wrongdoing during the time that he was associated with GunnAllen Financial, PaineWebber, Wachovia Securities, First Union Securities Financial Network Inc., Orchard Securities, LLC, and JP Turner & Company LLC. Specifically, a customer was awarded damages according to an investment related arbitration claim involving Goslin’s misconduct, based upon findings of omissions and misrepresentations having been made to the customer relating to certificate of deposit investments.
Thereafter, a customer initiated investment related arbitration claim involving Goslin’s conduct was settled for $40,000.00 in damages founded on accusations that Goslin inappropriately switched the customer’s annuity policy to anther policy. NASD Arbitration No. 03-02236 (Feb. 27, 2004). On November 17, 2010, a customer initiated investment related written complaint regarding Goslin’s activities was resolved for $77,000.00 in damages based upon allegations that Goslin made misrepresentations to the customer concerning real estate securities.
Another customer initiated investment related civil action brought in Hillsborough County, Florida involving Goslin’s conduct was settled for $30,000.00 in damages supported by accusations that Goslin breached his fiduciary duties, effected securities transactions in the customer’s account that were not suitable, and made misrepresentations to the customer concerning oil & gas products. Civil Action No. 12-000181 (May 14, 2013).
Moreover, a customer complaint relating to Goslin’s activities was resolved for $36,000.00, in which the customer alleged breach of fiduciary duty, fraud, negligence and unsuitable investment recommendations of real estate security and oil & gas products. Afterward, a customer initiated investment related arbitration claim regarding Goslin’s conduct was settled for $7,500.00 in damages founded upon accusations that Goslin made unsuitable investment recommendations to the customer concerning private placements. FINRA Arbitration No. 13-03181 (Mar. 6, 2014).
Another customer filed an investment related arbitration claim pertaining to Goslin’s activities, where the customer requested $605,450.49 in damages based upon allegations that Goslin neglected to conduct an adequate suitability analysis concerning real estate securities, and made misrepresentations and omissions to the customer about investing. FINRA Arbitration No. 15-02776 (Oct. 29, 2015). Goslin is the subject of another arbitration claim in which the customer has sought $185,000.00 supported by allegations of fraud and suitability. FINRA Arbitration NO. 15-03380 (Feb. 1, 2016).
Furthermore, a customer was awarded $147,019.00 in compensatory damages according to an investment related arbitration claim involving Goslin’s misconduct, where Goslin was found to have committed elder abuse, breached his contractual obligations, negligently handled the customer’s account, made omissions and misrepresentations, breached his fiduciary duties, effected securities transactions that were not suitable, and defrauded the customer. FINRA Arbitration No. 16-02756 (Aug. 25, 2017).
Goslin’s registration with Harbor Light Securities, LLC was terminated as of December 31, 2016.
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