Goslin failed to disclose outside business activity from which he profited
After an investigation, the Financial Industry Regulatory Authority (FINRA) suspended broker Christopher Goslin for one month and fined him $5,000. Goslin agreed to the sanctions, though he didn’t admit to or deny the findings.
According to FINRA, Goslin conducted outside business activity related to a limited liability corporation, from which he received monetary distributions. Goslin was required to submit a notice in writing about this activity and receive approval, which he failed to do.
A 30-year veteran of the securities industry, Goslin has worked for these firms dating back to 1987:
- Merrill Lynch, Pierce, Fenner & Smith Inc. – New York, NY
- Glenfed Brokerage Services – Glendale, CA
- PaineWebber Inc. – Weehawken, NJ
- Wachovia Securities Financial Network, Inc. – St. Louis, MO
- GunnAllen Financial, Inc. – Tampa, FL
- J.P. Turner & Company, LLC – Tampa, FL
He has also conducted business under the names Harbor Light Securities, LLC and Harbor Light Investment Advisers, DBA Goslin and Associates in Tampa, FL since July of 2012.
Goslin has had a slew of customer disputes against him virtually from the beginning of his career. From 1998 to 2016, 18 customers have accused Goslin of an assortment of charges, including unsuitability, breach of fiduciary duty, and fraud. Thousands of dollars in damages have been granted. Goslin could subject to additional regulatory actions and sanctions, as three disputes are currently pending.
A term that appears in many of the complaints is “misrepresentation.” When a broker is accused of this, it means he or she omitted material facts regarding an investment recommendation. This omission could be considered negligent or fraudulent, and investors who lost money as a result could recover damages through securities arbitration or other legal means.
FINRA’s BrokerCheck report has much more information on Christopher Goslin and all of the allegations against him.
If you did any business with Christopher Goslin, you may have lost money as the result of his actions. To find out if you have the possibility of recovering these funds, get in touch with the Silver Law Group. Our securities arbitration attorneys have helped many investors recoup funds lost because of fraudulent or unauthorized activity. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group, and we specialize in fighting for clients who have lost investments at the hands of brokers and financial advisors who have taken advantage of their positions.
The Silver Law Group only works on contingency, so we don’t get paid unless you do. You can contact us now through our online form.