Last Updated: November 2023 (Richmond, VA)
James Raper Investigation Summary
Here’s what you need to know about Richmond, VA, stockbroker James Raper, Jr.:
- Name: Mr. James Leroy Raper, Jr.
- Current Employer: Wealthforge Securities LLC
- Previous Firms: Transact Capital Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: James Raper
- Primary Location: Richmond, VA
- CRD 5721253
- Can James Raper be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Multiple Pending Customer Disputes Seek Damages In Excess of $10 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With James Raper As Your Stockbroker?
James Raper is the chief compliance officer of WealthForge Securities and he discloses 7 customer complaints alleging various causes of action related to losses incurred in private placement investments in a syndicated commercial real estate offering, a Delaware Statutory Trust (DST), sponsored by Nelson Partners.
What is a Delaware Statutory Trust (DST) ?
Allegations of Broker Misconduct Against James Raper
Customers of James Raper have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Nelson Partners private placement
- Failure to conduct reasonable due diligence
- Failure to Supervise
- Misrepresentations and omissions
- Breach of Fiduciary Duty
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090) Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Wealthforge Securities brokers
If you have suffered investment losses in an account handled by James Raper, Jr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
