James Lang (LPL Financial) Fined By FINRA For Outside Business Activities

FINRA sanctioned securities broker James Daniel Lang (also known as J. Dan Lang) [CRD: 2959057, Westlake Village, California], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Lang has been registered with Independent Financial Group LLC since October 9, 2020, and previously worked for Ball Company from August 25, 2020, to February 15, 2021, and Lang Wealth Management LLC from July 7, 2020, to December 31, 2020. Continue reading for details about the disclosures involving this securities broker.

FINRA Sanctioned James Lang for Outside Business Activity Violations

Particularly, on November 19, 2025, FINRA issued Case 2020067065101 sanctioning James Lang for infractions. Specifically, Lang was fined $5,000 and suspended for four months. Evidently, FINRA alleged that Lang engaged in outside business activities without providing prior written notice to his employers, LPL Financial LLC and Independent Financial Group LLC.

Summary Of The Regulatory Action

FINRA reported that Lang served as trustee for two trusts he created for a long-time investor. After the investor passed away in October 2016, Lang assumed the trustee role and received compensation. Although he disclosed other outside activities to his first firm, he did not initially disclose his trustee work. The firm discovered it during a branch audit in January 2018. Although Lang later updated his disclosures, the firm denied his request to continue the activity and told him to step down. He did not do so. When the firm later found that he was still serving as trustee, it began an internal investigation, and Lang resigned.

When Lang joined a new firm in October 2020, he continued acting as trustee for one of the trusts. While he disclosed some outside activities to the new firm, he did not reveal his trustee role until more than two years later.

Additional Allegations Against James Lang

FINRA also stated that Lang served as executor of the same investor’s estate from February 2018 to at least February 2021 and received compensation for this work. He did not disclose this role to either firm. In compliance questionnaires to both firms, Lang inaccurately stated that he was not serving as a trustee for non-family members and that he had disclosed all outside activities.

Sanctions

FINRA found that Lang violated FINRA Rules 3270 and 2010. As a result, he was suspended in all capacities from December 15, 2025, through April 14, 2026, and fined $5,000.

James Lang Terminated By LPL Financial

Evidently LPL Financial LLC permitted Lang to resign on June 26, 2020. Allegedly, Lang failed to timely complete the firm’s request to stop a trustee role over client trust accounts.

Did You Invest With Financial Advisor / Securities Broker Dan Lang?

Did you suffer any investment-related losses because of James Lang? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Lang and brokerage firms Lang worked for deny allegations of sales practice violations.