St. Louis Stockbroker Joshua Gould Admits to Investment Fraud
St. Louis stockbroker Joshua D. Gould recently admitted to siphoning millions of dollars from his customers, according to media reports.
Investigation by the securities litigation law firm of Chapman & Associates, LLC determined that Gould was a former securities broker for Woodbury Financial Services, a subsidiary of Hartford Insurance. Prior to Woodburry, Gould was affiliated with Capital Analysts, another securities broker-dealer firm.
The Chapman securities attorneys determined that Gould was terminated in November, 2010, after a customer filed a complaint with the securities regulators, charging him with misappropriating close to $700,000 from the customer's brokerage account.
Following the complaint, Gould admitted to withdrawing customer funds without permission and misappropriating those funds. The Missouri State Commissioner of Securities is currently investigating Gould's conduct.
"Gould's employer, Woodbury, had a duty to supervise Gould and prevent him from violating the securities rules and regulations," said John S. Chapman, a securities attorney. "We will hold liable those securities broker-dealer firms who fail to comply with their duties and allow their agents to defraud the investing public," said Chapman.
The securities law firm of Chapman & Associates has been investigating this case and is preparing to take action and help victimized investors recover their losses. If you or a family member invested with Gould, you may call the law firm of Chapman & Associates toll free at 877-410-8172.