Former First Allied Advisory Services, Inc. broker Joseph Langlois (CRD# 4216281) accused of real estate securities losses. He has been registered with DFPG Investments, LLC in San Jose, California since 2015. Previously, he was registered with First Allied Advisory Services, Inc. in San Diego, California from 2012 to 2015.
Joseph Langlois Customer Complaints
He has been the subject of two customer complaints between 2019 and 2022, according to his CRD report:
February 2022. “Claimant alleges his financial advisers recommended unsuitable investments. Claimant generally alleges suitability, failure to supervise, negligence, and breach of contract.” The customer is seeking $870,000 in damages and the case is currently pending. The complaint was regarding real estate securities losses and took place while he was registered with First Allied Advisory Services, Inc.
January 2019. “Customers alleging that the rep misrepresented and sold unsuitable REITs during the years 2013 and 2014.” The case was settled for $22,060.11. The complaint was regarding real estate securities losses and took place while he was registered with First Allied Advisory Services, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Allied Advisory Services, Inc. may be liable for investment or other losses suffered by Joseph Langlois’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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