The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Christopher Goslin. According to his publicly available FINRA BrokerCheck report, Christopher Goslin has been the subject of multiple customer disputes.
Christopher Goslin was a Florida based securities broker. He worked in the securities industry for twenty-nine years. During his career, he was registered with seven different securities firms. He is no longer working as a registered securities broker in any fashion.
- Merrill Lynch (1987-1989)
- Glenfed Brokerage Services (1989-1994)
- Painewebber Incorporated (1994-1998)
- Wachovia Securities Financial Network (1998-2003)
- Gunnallen Financial (2003-2009)
- J.P. Turner & Company (2010-2012)
- Harbor Light Securities (2012-2016)
- In February 2003, a customer alleged that Christopher Goslin traded him unnecessarily between one annuity and another all the while promising higher returns. These alleged unnecessary trades resulted in losses to the customer. This case was settled for $40,000 in damages.
- In April 2010, a customer alleged that Christopher Goslin made material misrepresentations. This case was settled for $77,000 in damages.
- In January 2012, a customer alleged that Christopher Goslin made material misrepresentations, recommended unsuitable investments, and breached his fiduciary duty. This case was settled for $30,000 in damages.
- In February 2012, a customer alleged that Christopher Goslin made unsuitable recommendations, handled their account negligently, violated state and federal securities laws, committed common law fraud, and breached his fiduciary duty. This case was settled for $36,000 in damages.
- In October 2015, a customer alleged that Christopher Goslin breached his fiduciary duty, made material misrepresentations and omissions, and failed to perform a reasonable basis suitability analysis. This case is currently pending. The customer is seeking $605,450 in damages.
- In February 2016, a customer alleged that Christopher Goslin made material misrepresentations, recommended unsuitable investments, breached contract, committed common law fraud, handled their account negligently, and breached his fiduciary duty. This case is currently pending. The customer is seeking $185,000 in damages.
- In September 2016, a customer alleged that Christopher Goslin committed fraud, made misleading statements, made misleading omissions of material information, breached his fiduciary duty, made negligent misrepresentations, handled their account negligently, breached contract, breached the Covenant of Good Faith and Fair Dealing, committed elder abuse, and aided and abetted financial elder abuse. This case went to arbitration where the customer was awarded an undisclosed amount in damages. This award has yet to be paid. Christopher Goslin was indefinitely suspended by FINRA following his alleged failure to comply with the award.
What Does This Mean?
There is a long list of allegations levied against Christopher Goslin. However, one of the most notable allegations was that he made numerous misrepresentations and omissions of material fact. Misrepresentation occurs when a securities broker provides their customer with information that has been falsified. Omission occurs when a securities broker provides their customer with information that is incomplete. These acts can occur either as a result of a securities broker’s fraudulent intent, or by accident through the broker’s own negligence and inability to perform their job to the necessary standard. Regardless of the broker’s intent, misrepresentation and omission can cause serious financial detriment to investors. This is because it can lead to them making crucial financial decisions based on false or incomplete information.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Christopher Goslin, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.