Craig Gould is the Subject of a $300,000 Dispute
Craig Gould (CRD #: 2367293), a broker registered with World Equity Group, is the subject of a new investor dispute. This dispute appears on his BrokerCheck record, accessed on December 4, 2023. Investors should know that this dispute follows two regulatory actions.
On September 26, 2023, investors alleged that Craig Gould engaged in negligence and fraud. They further alleged negligent misrepresentation regarding the purchase of First Capital Real Estate Trust REIT, a.k.a. United Realty Trust. The investor is seeking $300,000.
Misrepresentation
FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.
Regulatory Action
On January 23, 2020, Craig Gould consented to the findings that he failed to establish and maintain a supervisory system reasonably designed to achieve compliance with FINRA rules. At the time, he served as president of the advisory firm Cabot Lodge. His firm’s written supervisory policy required a review of the organization and offering expenses and underwriters’ compensation of the initial public offering of a Real Estate Investment Trust (REIT) in which the firm participated.
The findings stated that the underwriting compensation was $7,652,046, which allegedly exceeded the 10% limit by $2,827,536.
According to the Acceptance, Waiver, and Consent agreement (AWC), the firm never reimbursed the REIT for excess amounts.
As part of the terms of the AWC, Craig Gould consented to a fine of $20,000.
You can read a copy of the AWC here.
Background Information
Craig Gould has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- Series 79TO Investment Banking Registered Representative Examination
- Series 99TO Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Principal Examination
He is a registered broker in 12 states and D.C.
During his 25 years of experience, he has registered with seven firms:
- World Equity Group (CRD #: 29087)
- Cabot Lodge Securities (CRD #: 159712)
- Fintegra (CRD #: 16741)
- Wunderlich Securities (CRD #: 2543)
- National Securities Corporation (CRD #: 7569)
- WestAmerica Investment Group (CRD #: 6626)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
Kurta Law Can Help
If you have worked with Craig Gould and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.
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