Last Updated: January 2024 (Schaumburg, IL)
Craig Gould Investigation Summary
Here’s what you need to know about Schaumburg, IL, stockbroker Craig Gould:
- Name: Mr. Craig Michael Gould
- Current Employer: World Equity Group (CEO), Cabot Lodge Securities (President/CEO)
- DBA: Maroon Wealth Management
- Previous Firms: Fintegra LLC, Wunderlich Securities, National Securities Corp.
- Function: Stock Broker/ Financial Advisor
- Aliases: Craig Gould
- Primary Location: Schaumburg, IL
- CRD 2367293
- Can Craig Gould be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $9,000
- Pending Customer Dispute Seeks Damages of $300,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Craig Gould As Your Stockbroker?
Craig Gould is currently the Chief Executive Officer of World Equity Group and Chief Executive Officer and President of Cabot Lodge Securities, according to FINRA records.
In 2020 FINRA suspended Gould from acting in any principal capacity for 90 days and fined him $20,000 to resolve allegations that, while employed by Cabot Lodge Securities, he failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable FINRA rules in connection with the initial public offering of a Real Estate Investment Trust (REIT). FINRA found that the underwriting compensation was $7,652,046, which exceeded the ten percent limit by $2,827,536.
In 2015 FINRA suspended Gould in all capacities for 10 business days and fined him $5,000 for failing to timely report a judgement of approximately $25,577 on his FINRA Form U4.
In 9/2023 a customer of Cabot Lodge Securities filed a FINRA arbitration alleging that Gould committed fraud , was negligent and made misrepresentations in connection with the sale of First Capital Real Estate Trust REIT (formerly United Realty Trust) between 2/2013 through 6/2018. Damages of $300,000 are sought in this currently pending matter.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Craig Gould
Customers of Craig Gould have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Unauthorized Trading
- Negligence
- Misrepresentation
- Fraud
Discretionary vs. Non-Discretionary Accounts
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
If you have suffered investment losses in an account handled by Craig Gould, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
