There are options for clients of Wealthforge Securities, LLC broker James Raper Jr. (CRD# 5721253), who faces multiple customer complaints related to private placement investment losses. He has been registered with Wealthforge Securities, LLC in Richmond, Virginia, since 2014.
James Raper Jr. Customer Complaints
He has been the subject of seven customer complaints in 2023, according to his CRD report:
May 2023. “From investment activity in 2019, claimant alleges the following: failure to conduct reasonable due diligence negligence failure to disclose material facts failure to conduct suitability Failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $552,535.65 in damages and the case is currently pending. The complaint was regarding private placement investment losses.
May 2023. “From investment activity in 2019, claimant alleges the following: failure to conduct reasonable due diligence negligence failure to disclose material facts failure to conduct suitability Failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $1,179,043.06 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
March 2023. “From investment activity in 2019, claimant alleges the following: failure to conduct reasonable due diligence negligence failure to disclose material facts failure to conduct suitability Failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $295,000 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
March 2023. “From investment activity in 2019, claimant alleges the following: failure to conduct reasonable due diligence negligence failure to disclose material facts failure to conduct suitability Failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $200,050 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
February 2023. “From investment activity in 2019, claimants allege the following: failure to conduct reasonable due diligence negligence failure to make material disclosures failure to conduct suitability failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $1,800,000 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
January 2023. “From investment activity in 2019, claimants allege the following: failure to conduct reasonable due diligence negligence failure to make material disclosures failure to conduct suitability failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $2,523,243.13 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
January 2023. “From investment activity in 2019, claimants allege the following: failure to conduct reasonable due diligence negligence failure to make material disclosures failure to conduct suitability failure to supervise misrepresentation and omissions breach of contract breach of fiduciary duty.” The customer is seeking $4,108,931.83 in damages, and the case is currently pending. The complaint was regarding private placement investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, FIRM may be liable for investment or other losses suffered by James Raper Jr.’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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