Articles Tagged with Jersey City Stockbroker Misconduct Lawyer

Craig Gould of Jersey City, New Jersey submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) for allegedly failing to properly supervise in connection with a firm public offering. Gould was the Investment Banking Manager (IBM) for Cabot Lodge Securities and was responsible for reviewing the firm’s offerings and ensuring its compliance with FINRA Rules. FINRA Rule 2310(b)(4)(B) prohibits excess gross proceeds on an offering. As the IBM for Cabot Lodge Securities, FINRA alleged Gould knowingly exceeded the ten percent limit in violation of NASD Rule 3010 and FINRA Rule 2010. Without admitting or denying the FINRA findings Gould agreed to the sanctions and was fined $20,000 and suspended from association with any FINRA member for ninety days. Continue Reading

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