James Leroy Raper Jr., of Richmond, Virginia, a stockbroker and the Chief Compliance Officer of Wealthforge Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $552,535.65 in damages based upon allegations that Raper made misrepresentations and omissions of material fact, breached his fiduciary duties, was negligent, failed to perform due diligence, and failed to supervise certain representatives in connection with the recommendation and sale of private placements when Raper was associated with Wealthforge Securities LLC. FINRA Arbitration No. 23-00559 (May 2, 2023).
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Raper is referenced in six other customer initiated investment related disputes concerning Raper’s conduct while associated with securities broker dealers, including Wealthforge Securities LLC. On January 9, 2023, a customer filed an investment related FINRA securities arbitration claim involving Raper’s conduct in which the customer requested $4,108,931.83 in damages based upon allegations that Raper was negligent, failed to perform due diligence, made omissions and misrepresentations of material fact, breached his fiduciary duties, and breached a contract in connection with the sale of private placements during the time that Raper was associated with Wealthforge Securities LLC. FINRA Arbitration No. 22-02798.
On January 9, 2023, a customer filed an investment related FINRA securities arbitration claim involving Raper’s conduct in which the customer requested $2,523,243.13 in damages based upon allegations that Raper breached a contract, made misrepresentations and omissions, failed to perform due diligence, and was negligent in connection with private placement sales. FINRA Arbitration No. 22-02797.
Raper is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,800,000.00 in damages based upon allegations that Raper breached his fiduciary duties, made omissions and misrepresentations, failed to supervise certain representatives, breached a contract, and failed to perform due diligence in connection with alternative investment sales. FINRA Arbitration No. 22-02796 (February 8, 2023).
On March 11, 2023, a customer filed an investment related FINRA securities arbitration claim involving Raper’s conduct in which the customer requested $200,050.00 in damages based upon allegations that Raper breached his fiduciary duties, breached a contract, made misrepresentations and omissions, failed to supervise certain representatives, was negligent, and failed to perform due diligence on private placements when Raper was associated with Wealthforge Securities LLC. FINRA Arbitration No. 22-02927.
Raper is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $295,000.00 in damages based upon allegations that Raper breached a contract, breached his fiduciary duties, made misrepresentations, failed to perform due diligence, and was negligent in connection with the sale of private placements. FINRA Arbitration No. 23-00034 (March 14, 2023).
On May 2, 2023, a customer filed an investment related FINRA securities arbitration claim involving Raper’s conduct in which the customer requested $1,179,043.06 in damages based upon allegations that Raper failed to perform due diligence, was negligent, made omissions and misrepresentations, breached a contract, and breached his fiduciary duties to the customer. FINRA Arbitration No. 23-00560.
Raper has been associated with Wealthforge Securities LLC as a stockbroker since May 16, 2014.
