Advisor Alert: Our Attorneys Are Investigating James Leroy Raper Jr For Investment Fraud
Did You Lose Money Because of James Raper Jr?
Filed: March 15, 2024
James Raper Jr has been the subject of seven (7) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on James Leroy Raper Jr.
Who Is James Leroy Raper Jr of Wealthforge Securities, LLC?
- Advisor Name: James Leroy Raper Jr
- Aliases: James Leroy Raper Jr
- CRD: 5721253
- Location: Richmond, Virginia
- Current Employer: Wealthforge Securities, LLC
- Previous Firms: Transact Capital Securities, LLC
- Number of Known Customer Complaints: 7
- Can James Raper Jr Be Sued: Yes, in Private Arbitration
- Can James Raper Jr’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $4,108,931.83
- Highest Settlement: $1,500,000
If you have suffered investment losses by James Raper Jr, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against James Raper Jr For Broker Misconduct
As of this publication date, James Raper Jr has been the subject of 7 customer disputes. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by a customer of Wealthforge Securities, LLC alleging failure to conduct reasonable due diligence negligence failure to disclose material facts failure to conduct suitability, failure to supervise misrepresentation and omissions, and breach of contract breach of fiduciary duty. Per the customer, he/she lost over $552,535.65 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In May 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by a customer of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customer, he/she lost over $1,179,043.06 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In March 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by a customer of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customer, he/she lost over $295,000 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In March 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by a customer of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customer, he/she lost over $200,050 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In February 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by multiple customers of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customers, they lost over $1,800,000 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In January 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by multiple customers of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customers, they lost over $2,523,243.13 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
In January 2023, a FINRA arbitration was filed against or in reference to James Raper Jr by multiple customers of Wealthforge Securities, LLC alleging 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, and breach of fiduciary duty. Per the customers, they lost over $4,108,931.83 because of Mr. Raper’s actions. On December 6, 2023, Mr. Raper settled the claim for $1,500,000, and some or all of this amount may have been paid by Mr. Raper’s employer and/or insurance carrier.
How To File A Claim Against James Raper Jr of Wealthforge Securities, LLC (previously with Transact Capital Securities, LLC) To Get Your Money Back
If you have questions about James Raper Jr, Wealthforge Securities, LLC, Transact Capital Securities, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.