Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an investigation into Peter James Roberts (CRD #6982848), currently a registered representative with WealthForge Securities, LLC. Our experienced attorneys have reviewed recent public records, including FINRA’s BrokerCheck, to provide clarity for investors concerned about private placement offerings, customer allegations, and regulatory compliance. If you placed funds with Peter James Roberts or have experienced losses involving WealthForge Securities, we encourage you to carefully review the information below and consider reaching out for a free, confidential case review.
Summary Table: Peter James Roberts (WealthForge Securities, LLC, Richmond, VA)
Table of Contents
| Advisor Name | Peter James Roberts |
|---|---|
| CRD Number | 6982848 |
| Broker-Dealer | WealthForge Securities, LLC |
| Location | Richmond, Virginia |
Current Status and Background
Peter James Roberts is registered with WealthForge Securities, LLC and has passed the Securities Industry Essentials (SIE), Series 7, and Series 63 exams. According to BrokerCheck, he was formerly associated with Cabot Lodge Securities LLC and Sandlapper Securities, LLC. As of our most recent review, we have not identified any regulatory, criminal, or financial disclosures apart from a newly reported customer dispute detailed below.
Customer Complaints and Allegations
We take customer allegations seriously, as they often reveal patterns or red flags that may impact other investors. The BrokerCheck report for Peter James Roberts reflects the following:
- One pending customer dispute was filed on April 29, 2026, involving $200,000 in alleged damages related to a private placement. The underlying investment occurred in August 2022.
The claimants allege Peter Roberts:
- Made material misrepresentations or omissions regarding the investment
- Failed to conduct adequate due diligence on the private placement
- Recommended an unsuitable investment not aligned with their risk tolerance, liquidity needs, or financial profile
- Acted negligently and breached his fiduciary duty
- Did not provide proper supervision, raising potential compliance concerns for WealthForge Securities, LLC
The complaint centers on a 1031 exchange transaction where investors used proceeds to select three Delaware Statutory Trust (DST) properties. The dispute specifically references illiquidity, suspension of distributions, and increased property-related costs as factors contributing to the clients’ financial losses.
Peter Roberts’ Response
According to his statement on BrokerCheck, Peter Roberts asserts that the investors personally selected the replacement properties after extensive discussion of fees, risks, and illiquidity. He maintains that, despite suspended distributions due to market conditions (such as decreased occupancy and higher costs), investors have not yet lost invested capital and the underlying real estate assets remain operational.
Applicable Rules and Industry Standards
- FINRA Rule 2111 (Suitability): Requires that investment recommendations match the customer’s financial profile, risk tolerance, and investment goals. In private placement scenarios, suitability becomes especially critical due to higher risk and lack of liquidity.
- FINRA Rule 3110 (Supervision): Mandates that broker-dealer firms like WealthForge Securities establish supervision procedures to ensure compliance. These rules extend responsibility to the firm itself for product vetting and sales practices.
- Regulation Best Interest (Reg BI): Enforced by the SEC, Reg BI obligates Peter Roberts and WealthForge Securities to act in your best interest when recommending securities or investment strategies. Disclosures, care, conflict mitigation, and a robust compliance policy are non-negotiable legal requirements. Failure to meet these obligations may entitle investors to recover their losses.
Investors: Why Private Placement Disputes Matter
Private placements, including DSTs used in 1031 exchanges, carry unique risks not present in public market investments. Key concerns include:
- Illiquidity: Funds may be inaccessible for years, limiting your ability to respond to changing financial needs.
- Distribution Suspension: Unexpected changes in property performance can halt cash flow, undermining your investment objectives.
- Lack of Transparency: Many private offerings provide limited, complex disclosures that may be misunderstood or omitted.
- High Fees & Conflicts of Interest: Brokers may earn higher compensation for recommending certain private placements, creating inherent conflicts that must be disclosed and mitigated.
If you experienced losses or changes in your investment’s returns, particularly where suitability or due diligence may have been lacking, there may be actionable grounds for recovery. Our attorneys can assess whether your account was managed in accordance with both firm policy and federal regulations.
No Other Public Disclosures (as of July 24, 2026)
Based on our thorough investigation as of the search date:
- No pending regulatory actions by FINRA or the SEC against Peter James Roberts or WealthForge Securities, LLC
- No civil litigation, liens, or financial disclosures
- No other customer-initiated disputes reported beyond the case above
- No press coverage or public enforcement actions related to securities fraud, misconduct, or investor losses outside this dispute
How to Protect Your Recovery – Next Steps for Concerned Investors
Uncovering the facts is only the first step. If you invested with Peter James Roberts, especially through WealthForge Securities, LLC in Richmond, VA, and you have concerns about suitability, due diligence, supervision, or private placement losses, we encourage you to seek clarity.
Our firm has a 98% success rate in investor claims, leveraging over 95 years of combined securities law experience. We have handled more than $520 million in securities matters and have been recognized in the Top 2% by Martindale-Hubbell AV Preeminent® and as Super Lawyers. Clients consistently rate us 5.0 stars for communication, professionalism, and results. We work solely on a “No recovery, no fee” basis—if you don’t recover, you pay nothing.
Request a Confidential, Free Consultation
If you believe you may be the victim of investment losses tied to Peter James Roberts or WealthForge Securities, or if you want a second opinion on your portfolio, call us directly at 1-888-885-7162. Our former defense attorneys use insider knowledge from Wall Street to fight for investors, and we are prepared to advocate for your financial recovery now. There is no cost or obligation for an initial review. Take control, examine your legal options, and start on the path to recovering your funds today.
