WILLIAM JOSEPH LANG

WILLIAM JOSEPH LANG is currently employed as a Broker and/or Investment Adviser at MOORS & CABOT, INC. located at 1600 PRINCE STREET, SUITE 113, ALEXANDRIA, VA, 22314.

WILLIAM JOSEPH LANG has worked at MOORS & CABOT, INC. since June 20, 2008

Disclosure History

WILLIAM JOSEPH LANG has 3 Disclosure Event(s).

Date: January 08, 1997
Category: Regulatory
Initiated By: VIRGINIA - STATE CORPORATION COMMISSIONDIVISION OF SECURITIES
Allegations: DIVISION ALLEGES THAT MR. LANG ESTABLISHEDACCOUNTS CONTAINING FICTITIOUS INFORMATION AND SPLITCOMMISSIONS WITH AN UNREGISTERED AGENT.
Resolution: Decision SanctionDetails:
Sanctions: Monetary/Fine SanctionDetails:
Amount: $5,000.00 Sanction Details: FINED $5,000 PLUS THE COST OF INVESTIGATION.
Broker Comment: NOT PROVIDED

Date: May 23, 1983
Category: Regulatory

Date: March 09, 1977
Category: Regulatory
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Allegations: SEC RULE 15C3-3, ARTICLE III, SECTIONS 1 AND 19(A),(C) - WILLIAM J. LANG, IN EFFECTING SALE TRANSACTIONS WITH CUSTOMERS IN NEW ISSUE SECURITIES AND/OR SHARES OF OPEN END INVESTMENT COMPANIES, FAILED TO MAINTAIN THE PUBLIC OFFERING PRICE AS STIPULATED BY PROSPECTUS BY IMPOSING ADDITIONAL CHARGES WHICH WERE NOT DISCLOSED TO THE CUSTOMERS: HYOTHECATED CUSTOMERS FULLY PAID SECURITIES WITHOUT PRIOR WRITTEN AUTHORIZATION, COMMINGLED THEM WITH FIRM PROPRIETARY SECURITIES AND USED THEM AS COLLATERAL FOR A BANK LOAN; FAILED TO PROPERLY COMPUTE ITS CUSTOMER RESERVE FORMULA, FAILED TO MAKE TIMELY DEPOSITS TO ITS CUSTOMER RESERVE ACCOUNT, FAILED TO MAINTAIN SUFFICIENT FUNDS AND/OR QUALIFIED SECURITIES IN SAID ACCOUNT, FAILED TO MAKE TELEGRAPHIC NOTIFICATION OF ITS FAILURE TO MAKE REQUIRED OR TIMELY DEPOSITS, WITHDREW FUNDS FROM THE CUSTOMER RESERVE ACCOUNT IN EXCESS OF THE AMOUNT ELIGIBLE FOR WITHDRAWAL, AND WITHOUT MAKING THE REQUIRED RESERVE FORMULA COMPUTATION, FAILED TO OBTAIN THE REQUIRED NOTIFICATION FROM THE BANK MAINTAINING A CUSTOMER RESERVE ACCOUNT, AND FAILED TO MAKE A DAILY DETERMINATION OF THE AMOUNT OF CUSTOMER FULLY PAID OR EXCESS MARGIN SECURITIES IN OR NOT IN ITS POSSESSION AND CONTROL.
Resolution: Decision & Order of Offer of Settlement SanctionDetails:
Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails:
Amount: $2,000.00 Regulator Statement: DECISION RENDERED WHEREIN THE OFFER OF SETTLEMENT IS ACCEPTED; THEREFORE, LANG IS FINED $2,000, JOINTLY AND SEVERALLY.
Broker Comment: DECISION RENDERED WHEREIN THE OFFER OF SETTLEMENT IS ACCEPTED; THEREFORE, LANG IS FINED $2,000, JOINTLY AND SEVERALLY.

More Information

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