May 2017-Newton, PA
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
FINRA records are public and can be accessed on the BrokerCheck website.
The FINRA records of Craig G. Langweiler, a stock broker with Meyers Associates, report 39 disclosure events, including 1 pending and 2 final regulatory events, 1 pending and 12 final customer disputes and 18 judgment/liens.
The pending regulatory event , FINRA Case 2011029549201, alleges that Langweiler willfully failed to amend FINRA reporting documents to disclose tax liens and civil judgments.
Prior customer disputes that have been resolved include:
- FINRA Case 14-01038- customer alleged that Langweiler churned the account, charged excessive commissions, made unauthorized trades, excessive use of margin and solicited a loan from the customer. That case was settled for $140,000.
- FINRA Case 11-03089-customer alleged that Langweiler over traded the account, made unsuitable recommendations and improper use of discretion. Case settled for $112,750.
Below is a screenshot of a portion of Langweiler’s FINRA record. Follow this link to see complete details.
Langweiler, who is currently suspended by FINRA, has been employed by Meyers Associates since 10/2011. Prior to that he was employed by Summit Brokerage Services from 10/2008-10/2011.
If you have losses in an account handled by Craig G. Langweiler contact us to learn how you may be able to recover damages from his employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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