David Alexander Lange Investigation — Undisclosed Outside Business Allegations

stockbroker fraud attorneyDavid Alexander Lange Allegedly Involved in Undisclosed Business Activity

David Alexander Lange, formerly of for Lincoln Financial Securities, was allegedly involved in a unreported outside business activity, the details of which remain murky, according to a recent FINRA  Letter of Acceptance, Waiver and Consent (AWC)

On March 13, 2014, the AWC further alleges, Lincoln Financial Securities filed a Form U5 that terminated Lange’s registration with FINRA, and soon after FINRA began an investigation into whether Lange was involved in an outside business activity.

David Alexander Lange Barred by FINRA

On January 8, 2015, FINRA staff sent a request to Lange, who entered the securities industry in May 2000 when he joined Edward Jones as a financial advisor, in order to receive on-the-record testimony pursuant to FINRA Rules, according to the AWC. As stated in his phone call with FINRA staff on January 22, 2015, Lange acknowledges that he received FINRA’s request and that he will not appear for on-the-record testimony at any time, according to the AWC.

By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, Lange allegedly violated FINRA Rules, and thus has been barred by from associating with any FINRA registered firm.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.