Craig Langweiler accused of excessive trading.
Craig Langweiler, a registered representative from Philadelphia, Pennsylvania, formerly with Windsor Street Capital, is facing a FINRA complaint as a result of an investigation into a complaint regarding his excessive trading in a customer’s account. FINRA is currently looking into this complaint and has begun a formal investigation.
In July 2017, Craig Langweiler was the focus of a complaint that claimed that he had traded a customer’s account unreasonably. He allegedly traded 257 times, and lost as much as 25 percent of the customer’s account value. The complaint alleges that Langweiler made over $27,000 from this excessive trading, disregarding the obviously extreme cost cost-to-equity ratio in the account.
Craig Langweiler’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Craig Langweiler was registered with Windsor Street Capital from October 2011 to March 2017 and Summit Brokerage Services, Inc from October 2008 to October 2011.
According to FINRA’s CRD disclosure report, Langweiler has been the subject of 13 customer complaints, 20 judgement liens, two criminal investigations and five regulatory investigations. He is currently barred from association with FINRA because of a separate regulatory investigation.
FINRA is the primary regulator for broker dealers and registered representatives in the United States. FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.
FINRA has two primary ways to ensure compliance with the securities laws: by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of an arbitration forum where investors can resolve disputes against broker dealers. FINRA’s arbitration forum, FINRA Dispute Resolution Inc. is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via unlawful and unsuitable investment transactions. During that time, we have recovered money for over one thousand individuals, pension plans, trusts, and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.