WILLIAM JASPER RAIKE is currently employed as a Broker and/or Investment Adviser at WOODSTOCK FINANCIAL GROUP, INC. located at 117 TOWNE LAKE PARKWAY, SUITE 200, WOODSTOCK, GA, 30188.
WILLIAM JASPER RAIKE has worked at WOODSTOCK FINANCIAL GROUP, INC. since May 10, 1995
WILLIAM JASPER RAIKE has 6 Disclosure Event(s).
Date: June 19, 2017 Category: Customer Dispute Allegations: From February 2012 through October 2014, Violation of the NC Securities Act, negligence, failure to supervise Damage Amount Requested: $160,082.00 Broker Comment: I vehemently deny all allegations against me. Account documents will show there was no failure to supervise and no violation of the NC Securities Act. I have never spoken to the client and was not responsible for the supervision of the account. I was only named in this arbitration because I am the owner of the company. I intend to file a counterclaim against this client for filing a frivolous claim against me.
Date: May 02, 2012 Category: Customer Dispute Allegations: CLIENT INVESTED IN MEMBERSHIP INTERESTS OF A PRIVATE FILM FUND IN JANUARY 2006. THE FUND WAS DISSOLVED IN NOVEMBER 2011 AND THE CLIENT WAS SENT HIS PERCENTAGE OF THE VALUE OF THE ASSETS OF THE FUND AS PER THE OPERATING AGREEMENT OF THE LLC. THE CLIENT WAS UNHAPPY ABOUT HIS LOSS AND SUBSEQUENTLY FILED A COMPLAINT ALLEGING HE HAD NO KNOWLEDGE OF VARIOUS DISCLOSURES THAT WERE CLEARLY DISCLOSED IN THE PRIVATE PLACEMENT MEMORANDUM. Damage Amount Requested: $170,000.00 Settlement Amount: $24,999.00 Broker Comment: CLIENT WAS A HIGHLY ACCREDITED PERSON AND WAS PROVIDED A PRIVATE PLACEMENT MEMORANDUM THAT DISCLOSED ALL COMMISSIONS / CONFLICTS OF INTEREST / AND OTHER REQUIRED DISCLOSURES FOR A REGULATION D PRIVATE PLACEMENT. CLIENT COMPLETED ALL SUBSCRIPTION DOCUMENTS AND REPRESENTED HE HAD REVIEWED DOCUMENTS INCLUDING RISK DISCLOSURE AS FOLLOWS "HIGH DEGREE OF INVESTMENT RISK. THE PURCHASER REPRESENTS THAT HE / SHE IS AWARE THAT INVESTMENT IN THE SECURITIES INVOLVES A HIGH DEGREE OF RISK WHICH MAY RESULT IN THE COMPLETE LOSS OF INVESTMENT." CLIENT SUBSEQUENTLY WITHDREW COMPLAINT AGAINST MR. RAIKE PRIOR TO SETTLEMENT.
Date: January 15, 2002 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE Damage Amount Requested: $25,000.00 Damages Granted: $25,000.00 Broker Comment: AWARD THAT HAS BEEN ENTERED IN THE ABOVE MATTER IS CONTESTED. THERE IS CURRENTLY A MOTION TO VACATE BEFORE THE NEW YORK SUPREME COURT, STATE OF NEW YORK, INDEX #02603566.
Date: December 26, 1997 Category: Customer Dispute Allegations: FAILURE TO SUPERVISE. Damage Amount Requested: $52,500.00 Settlement Amount: $30,500.00 Broker Comment: E & O COMPANY MADE SETTLEMENT, RFG & WILLIAM RAIKE DENY LACK OF SUPERVISION.
Date: November 30, 1996 Category: Customer Dispute Allegations: MISREPRESENTATION, LACK OF SUPERVISION Damage Amount Requested: $109,000.00 Settlement Amount: $55,000.00 Broker Comment: SETTLEMENT WAS MADE TO CLIENT FOR APPROXMENTLY $55,000.00 BY AIG INC.[CUSTOMER] WAS A CLIENT OF A PREVIOUS RAIKE FINANCIAL GROUP BROKER. THIS CASE WAS SETTLED BY AMERICAN INTERNATIONAL INSURANCE GROUP. RFG CONTRIBUTED OUR E&O DEDUCTION TO THE SETTLEMENT BUT STILL VIGOROUSLY DENIES ANY WRONG DOING.
Date: July 19, 1995 Category: Customer Dispute Allegations: ALLEGED FAILURE TO SUPERVISE. Damage Amount Requested: $100,000.00 Settlement Amount: $50,000.00 Broker Comment: IN THIS ARBITRATION PROCEEDING, I WAS THE OSJ FORTHE RESPONDENT BROKER, MR. GERALD SUMMERS. I VEHEMENTLY DENYTHAT THERE WAS A LACK OF REASONABLE SUPERVISION IN THIS CASE, AND FURTHER DENY ANY ALLEGATIONS. THE E & O COMPANY SETTLED THIS CASE AND CASE WAS CLOSED. I DID NOT CONTRIBUTE TO THE SETTLEMENT.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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