Joseph Langlois Allegedly Recommended Unsuitable Investments and Failed to Supervise

Joseph Langlois (CRD # 4216281), a broker and investment adviser with DFPG Investments, LLC, is facing an investor dispute, according to his BrokerCheck record, accessed on March 29, 2022.

On February 25, 2022, an investor alleged that Joseph Langlois recommended unsuitable investments. They further allege negligence, failure to supervise, and breach of contract. The investor is seeking $870,000; the dispute is pending.

Unsuitable Investment Allegations

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their risk tolerance, financial goals, and age. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

In the event that a broker recommends an unsuitable investment, investors may be able to recover through FINRA arbitration.

Supervisory Requirements

FINRA Rule 3110 establishes the need to have an effective supervisory system that is reasonably designed to prevent violation of FINRA by-laws. A member is required to establish and maintain a written set of policies and procedures, designate principals to carry out the supervisory function and conduct reasonable inspections on a frequent basis. The intent behind this rule was to require the establishment of a system that is reasonably designed to prevent violations of security laws

Background Information

Joseph Langlois has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He is a registered broker in 30 states and is a registered investment adviser in California, Nevada, and Texas.

Joseph Langlois has worked for these firms:

• DFPG Investments, LLC (CRD # 155576)
• First Allied Advisory Services, Inc. (CRD # 137888)
• METLIFE Securities Inc. (CRD # 14251)
• Metropolitan Life Insurance Company (CRD # 4095)

Kurta Law Can Help

If you worked with Joseph Langlois and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated on behalf of investors recovering their investment losses from stockbrokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors. We work on a contingency basis, which means that the firm only earns a fee if our securities attorneys recover money on your behalf. Reach out and we can tell you what steps to take to restore your lost funds.