JAMES L RAPER JR of WEALTHFORGE SECURITIES

JAMES LEROY RAPER JR (JAMES L RAPER JR, JIM RAPER) is currently registered as a broker with WEALTHFORGE DISTRIBUTORS, LLC since 3/12/2025 and with WEALTHFORGE SECURITIES, LLC since 5/16/2014, both of Richmond, Virginia.

According to FINRA’s BrokerCheck, available on FINRA’s website, JAMES L RAPER JR, has 16 years of experience in the securities industry and has been listed with 3 firms. Raper has 11 disclosures on his FINRA CRD report.  All 11 disclosures are “Customer Disputes.”  The significance of Raper’s 11 disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, JAMES L RAPER JR’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 

Of the eleven “Customer Disputes” listed on JAMES L RAPER JR's CRD report, four that were filed in 2026 are still pending, and the other seven disputes all filed in 2023 have settled.  All seven settled disputes list the allegations of “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 settlement amount on all seven disputes is listed as $1,500,000.00.  The Broker Comment listed on all seven disputes states, “Investors in a Delaware Statutory Trust called NP Skyloft filed seven FINRA arbitration claims related to their aggregate investment of $11,179,607. Investors lost value from their investment as a result of a legal dispute between the offering's sponsor, Nelson Partners, and the bridge financing provider, Axonic Capital. Mr. Raper acted only in his capacity as the Chief Compliance Officer and did not sell the securities to any retail investor. Claimants alleged that the Firm and Mr. Raper failed to conduct adequate due diligence with respect to NP Skyloft. The Firm and Mr. Raper believe that their due diligence was extensive, thorough, and satisfied all regulatory requirements. Nonetheless, in order to avoid the costs and uncertainties of an arbitration hearing, the Firm agreed to settle all eight cases for $1.5 million. The Firm believes that Mr. Raper acted appropriately at all times and did not engage in any misconduct. Accordingly, Mr. Raper was not asked to and did not contribute to the settlement.”

The four disputes that are still pending filed against JAMES L RAPER JR from 2026 also contain Broker Comments. Some of the pending allegations are, “negligence, lack of suitability, fraud, lack of due diligence, misrepresentation, omitting material facts, breach of contract, breach of fiduciary duty, and failure to supervise.” The damages requested in the four disputes are $300,000.00, $150,000.00, $1,815,302.40, and $200,000.00.

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