Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

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The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Daniel Raupp. According to his publicly available FINRA BrokerCheck report, Daniel Raupp has been the subject of multiple customer disputes over the course of his career.

Daniel Raupp is a New York based securities broker. He has worked in the securities industry for nineteen years. During his career, he has been registered with six different securities firms.

His Registrations

  • Weatherly Securities Corporation (2000-2001)
  • Ehrenkrantz King Nussbaum (2001)
  • Harrison Securities (2001-2003)
  • Gunnallen Financial (2003-2010)
  • J.P. Turner & Company (2010-2015)
  • Concorde Investment Services (2015-Present)

The Allegations

  • In June 2019, a customer alleged that Daniel Raupp made material misrepresentations, committed fraud, and recommended unsuitable investments in connection with what are known as limited partnerships. This case is currently pending. The customer is seeking $1 million in damages.
  • In September 2019, a customer alleged that Daniel Raupp recommended unsuitable investments, handled their account negligently, and breached his fiduciary duty in connection with illiquid non-traded REIT investments. This case is currently pending. The customer is seeking $500,000 in damages.

What Does This Mean?

Non-traded REITs, or real estate investment trusts, are privately traded securities not sold on any public exchanges. Because of this, they are very poorly regulated and can very easily be misrepresented to investors. While many securities brokers try to present these products as safe and lucrative, nothing could actually be further from the truth. In reality, non-traded REITs are incredibly risky investments that are highly illiquid. They are also accompanied by outrageously high upfront fees that greatly diminish the value of the investor’s principal. Non-traded REITs are very rarely suitable for investors–especially for those with more conservative objectives and higher liquidity needs.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Daniel Raupp, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.