Erez Law is currently investigating Cabot Lodge Securities LLC broker Craig Gould (CRD# 2367293, who is accused of REIT losses. He has been registered with World Equity Group, Inc. In Schaumburg, Illinois, since 2021 and with Cabot Lodge Securities LLC in Schaumburg, Illinois, since 2012.
In December 2015, FINRA sanctioned him to pay a $5,000 civil and administrative penalty and fine and suspended him for 10 days. According to FINRA, he “consented to the sanctions and to the entry of findings that he failed to timely report a judgment of approximately $25,577 on his Form U4.”
In January 2020, FINRA sanctioned him to pay a $20,000 civil and administrative penalty and fine and suspended him for 90 days. According to the Acceptance, Waiver & Consent (AWC), he “consented to the sanctions and to the entry of findings that he failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable FINRA rules and failed to reasonably enforce his member firm’s WSPs that required the review of organization and offering expenses and underwriters’ compensation of the initial public offering of a Real Estate Investment Trust (REIT) in which the firm participated.”
Craig Gould Customer Complaints
He has been the subject of two customer complaints between 2008 and 2023, according to his CRD report. The most recent complaint is regarding:
September 2023. “Claimants allege negligent failure to supervise, and fraud/negligent misrepresentation regarding purchase of First Capital Real Estate Trust REIT (f/k/a United Realty Trust) between February 2013 through June 2018.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding private placement investment losses. The complaint took place while he was registered with Cabot Lodge Securities LLC.
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, Cabot Lodge Securities LLC may be liable for investment or other losses suffered by Craig Gould’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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