Craig Lang: Stephens Advisor Receives New Investor Complaint

Shreveport, Louisiana financial advisor Craig Lang (CRD# 301830) recently received an investor complaint alleging he engaged in misconduct that resulted in losses in the account. Records maintained by the Financial Industry Regulatory Authority indicate that he is currently registered as a broker and an investment advisor with Stephens.

Mr. Lang’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2023, alleges that as a representative of Stephens, concerned “the depreciation of the value of [the client’s] investment holdings and alleged a lack of communication between himself and Mr. Lang.” The pending complaint alleges unspecified damages. In a statement included with the complaint’s disclosure, Mr. Lang defends himself against the claim. “Based on Mr. Lang’s conversations with the client, Mr. Lang believed he was acting according to the client’s wishes,” he writes, “which were to hold onto his investments in anticipation of them recovering their value and eventually generating a positive return.”

An earlier investor complaint, filed in 1990, alleged churning and unauthorized trading. The complaint evolved into an arbitration proceeding, which resulted in an award to the customer of $9,662.

According to the Financial Industry Regulatory Authority, Craig Lang holds 53 years of securities industry experience. Based in Shreveport, Louisiana, he has been a broker and an investment advisor with Stephens since 2014. His past registrations include Morgan Stanley, Citigroup Global Markets, Legg Mason Wood Walker, and Howard Weil Labouisse Friedrichs. His credentials include the passage of 13 securities industry qualifying exams: the Registered Principal Examination, or Series 40; the NYSE Branch Manager Examination, or Series 12; the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the Registered Representative Examination, or Series 1;  the Foreign Currency Options Examination, or Series 15; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 43 state licenses. (Information current as of April 30, 2023.)

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