James Lang Allegedly Failed to Disclose Trustee Role

James Lang (CRD #: 2959057), a broker and investment adviser registered with Independent Financial Group, LLC, resigned from LPL Financial LLC after allegations involving a trustee role over customer trust accounts. He is also the subject of a FINRA regulatory action alleging undisclosed outside business activities involving trustee and executor roles and alleging inaccurate compliance questionnaire responses. These disclosures appear on his BrokerCheck record, accessed on December 16, 2025. Keep reading if you have questions regarding his alleged conduct.

Regulatory Actions

On November 19, 2025, James Lang consented to sanctions without admitting or denying the findings. The findings stated that he was allegedly named successor trustee for a longtime customer’s trusts and allegedly became trustee after the customer died. The findings also stated that he allegedly did not provide prior written disclosure of his trustee and executor roles to his firms and that he allegedly provided inaccurate compliance questionnaire responses about those roles. As part of the terms of the AWC, James Lang consented to a $5,000 fine and a four-month suspension from December 15, 2025, through April 14, 2026.

You can read a copy of the AWC here. 

Resignation

On June 26, 2020, James Lang was permitted to resign after he allegedly failed to timely complete his firm’s request to relinquish a trustee role over customer trust accounts.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misconduct such as failing to disclose conflicts or outside roles and providing false or misleading compliance information may violate this rule.

Rule 3241 

FINRA Rule 3241 prohibits brokers from being named as a beneficiary, executor, or trustee or holding other positions of trust for a client, except under certain circumstances.

Background Information

James Lang has passed the following exams:

• Series 24 General Securities Principal Examination

• SIE Securities Industry Essentials Examination

• Series 7 General Securities Representative Examination

• Series 6 Investment Company Products/Variable Contracts Representative Examination

• Series 65 Uniform Investment Adviser Law Examination

• Series 63 Uniform Securities Agent State Law Examination

He is a registered broker in Arizona, California, Colorado, Georgia, Idaho, Nevada, North Carolina, Ohio, Oregon, Tennessee, Texas, Utah, and Washington. He is also a registered investment adviser in California. 

He is also a registered investment adviser in Texas, where his status is listed as restricted approval.

James Lang has registered with seven firms. These are the five most recent.

• Independent Financial Group, LLC (CRD #: 7717)
• Ball & Company (CRD #: 133950)
• Lang Wealth Management, LLC (CRD #: 291899)
• LPL Financial LLC (CRD #: 6413)
• AXA Advisors, LLC (CRD #: 6627)

Kurta Law Can Help 

If you have worked with James Lang and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.