DOUGLAS STEWART GOURLEY is currently employed as a Broker and/or Investment Adviser at CITIGROUP GLOBAL MARKETS INC. located at CITI PRIVATE BANK, 227 West Monroe, Suite 200, Chicago, IL, 60606.
DOUGLAS STEWART GOURLEY has worked at CITIGROUP GLOBAL MARKETS INC. since March 31, 2017
Disclosure History
DOUGLAS STEWART GOURLEY has 1 Disclosure Event(s).
Date: November 30, 2009 Category: Customer Dispute Allegations: CLAIMANT HAS DISMISSED OR ABANDONED INITIAL CLAIMS RELATING TO GEM FUND, TO GRANITE VENTURES FUND AND TO SUPPOSED WRONGDOING IN CONNECTION WITH PURCHASE OF CSO FUND. CLAIMANT ALLEGES FRAUD, CONSTRUCTIVE FRAUD, BREACH OF FIDUCIARY DUTY AND NEGLIGENT MISREPRESENTATION IN CONNECTION WITH STATEMENTS PURPORTEDLY MADE EITHER BY THE REGISTERED PERSON OR BY OTHERS THAT SUPPOSEDLY CAUSED PLAINTIFF NOT TO REDEEM CSO FUND AT A PROFIT AND TO SHARE IN SUBSEQUENT FUND LOSSES. THE REGISTERED PERSON DENIES THE ALLEGATIONS. THE LOSSES IN QUESTION OCCURRED DURING A PERIOD OF HISTORIC MARKET TURMOIL. Damage Amount Requested: $5,000,000.00 Settlement Amount: $1,500,000.00 Broker Comment: THIS CASE WAS SETTLED TO AVOID THE COST AND RISK ASSOCIATED WITH LITIGATION. THE FIRM AND MR. GOURLEY DENY THE ALLEGATIONS OF MISREPRESENTATION. MR. GOURLEY WAS NOT REQUIRED TO MONETARILY CONTRIBUTE TO THE SETTLEMENT.
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