Craig Gould: Cabot Lodge Advisor Faces $300K REIT Complaint

Schaumburg, Illinois financial advisor Craig Gould (CRD# 2367293) recently received an investor complaint alleging that an REIT investment led to six-figure damages. Financial Industry Regulatory Authority records show that he is a broker registered with World Equity Group and Cabot Lodge Securities.

Mr. Gould’s BrokerCheck report discloses two investor complaints. The most recent, filed in September 2023, alleges that as a representative of Cabot Lodge Securities, he committed fraud and made negligent misrepresentations regarding an investment in First Capital Real Estate, a real estate investment trust formerly known as United Realty Trust. The pending investor complaint alleges damages of $300,000.

An earlier investor complaint, filed in 2007, alleged that as a representative of Wunderlich Securities, he made an unauthorized transaction. The complaint resolved with an award to the customer of $9,000.

Mr. Gould’s BrokerCheck report also discloses two FINRA sanctions. In 2020 FINRA sanctioned him in connection with allegations he “failed to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable FINRA rules.” It alleged further that he failed to enforce policies in connection with an REIT offering. In connection with these findings, FINRA suspended him from registering with any member firm in any capacity for 90 days. It also fined him $20,000.

An earlier FINRA sanction, in 2015, alleged that Mr. Gould failed to timely report a judgment against him. He was fined $5,000 and suspended from registering with any FINRA member firm in any capacity for 10 business days.

According to the Financial Industry Regulatory Authority, Craig Gould holds 25 years of securities industry experience. Based in Schaumburg, Illinois and New York, New York, he has been a broker with World Equity Group since 2021 and with Cabot Lodge Securities since 2012. His past registrations include Fintegra (Minneapolis, Minnesota; 2009), Wunderlich Securities (Chicago, Illinois; 2004-2009), National Securities Corporation (Boca Raton, Florida; 1995-2002), WestAmerica Investment Group (Scottsdale, Arizona; 2001), and Merrill Lynch (New York, New York; 1993-1994). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; the Investment Banking Registered Representative Examination, or Series 79TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in California, Connecticut, the District of Columbia, Florida, Illinois, Maine, Minnesota, Montana, New Jersey, New York, Texas, West Virginia, and Wisconsin. (Information current as of November 6, 2023.)

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