An $8,500,000 customer arbitration filed September 29, 2026, names Joseph Langlois (CRD 4216281) and Dfpg Investments. BrokerCheck shows the customer's allegations about alternative investments are pending and unproven. No arbitrator has ruled on them.
The same report lists earlier settled REIT disputes at First Allied Securities. A settlement is not an admission of wrongdoing.
The oldest dispute dates to January 30, 2019, at First Allied Securities. On Joseph Langlois's report, the disclosure states that customers alleged the rep misrepresented and sold unsuitable REITs during the years 2013 and 2014. That dispute settled on July 25, 2019, for $22,060.
A claimant filed docket 21-03081 on February 16, 2022, alleging that his financial advisers recommended unsuitable investments. The claim generally alleged suitability, failure to supervise and negligence. BrokerCheck labels the product a non-traded REIT or real estate. Alleged damages came to $870,000, and the matter settled on June 24, 2022, for $60,000.
Joseph Langlois addressed that case in a statement on BrokerCheck. He wrote, "I was not named," and said he received no information about the case. He also said he believed the clients were approached to file directly against the broker dealer and not him. According to the statement, he continued to work with the clients.
The phrase alternative investments is a broad industry label. It can cover limited partnerships, direct participation programs, non-traded real estate and other holdings without a public market.
A partnership generally passes income and losses through to its investors. Buyers usually can't sell easily, and a program may run for years. Fees and commissions also come out early.
When we review a claim over alternatives, we start with how much of the account went into them. Joseph Langlois's disclosure uses this label, and this background is general only.
Docket 26-02158 is the case number for the pending claim. According to BrokerCheck, the customer alleges breach of fiduciary duty and unsuitable investment recommendations by Joseph Langlois. The report's product label reads limited partnership or DPP.
Every FINRA member firm must supervise its brokers. Investors with questions about an account Joseph Langlois handled can call Soreide Law Group at (888) 760-6552. You can also reach us online. Our attorneys represent investors in FINRA arbitration nationwide. We take these cases on a contingency fee basis. You can read more about how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of November 4, 2026. Allegations in customer complaints and arbitrations are claims, not findings. Pending claims remain open and undecided. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
An $8,500,000 customer arbitration filed September 29, 2026, names Joseph Langlois (CRD 4216281) and Dfpg Investments. BrokerCheck shows the customer's allegations about alternative investments are pending and unproven. No arbitrator has ruled on them.
Colorado securities law is among the grounds in a pending arbitration filed October 14, 2026, naming Ryan Finch (CRD 6379871). The claimants list $450,000 in alleged damages over a limited partnership investment at Emerson Equity.
Customers filed a pending arbitration on September 17, 2026, naming William Burks (CRD 2944992) and Centaurus Financial. BrokerCheck shows their allegations involve illiquid investments. Burks denies the claim, and no arbitrator has ruled on it.
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