Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Langford (Langford), previously associated with Madison Avenue Securities, LLC, has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Langford recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 17, 2024.
Without admitting or denying the findings, Langford consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection to its investigation of allegations made on a Form U5 filing by his member firm. The findings stated that Langford’s firm filed a Form U5 amendment disclosing a civil litigation alleging that Langford converted $600,000 from a trust account for his own personal use without the consent or knowledge of the customer. The firm later filed another Form U5 amendment disclosing felony charges against Langford for aggravated theft by deception and financial exploitation of the elderly.
