Peter Roberts: $200K Complaint Against Cornerstone Advisor

Richmond, Virginia financial advisor Peter Roberts (CRD# 6982848) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with WealthForge Securities, doing business as Cornerstone Real Estate Investment Services.

Mr. Roberts’ BrokerCheck report discloses one investor complaint. Filed in April 2026, it alleges that as a representative of WealthForge Securities, he misrepresented and omitted material facts, failed to conduct due diligence, recommended an unsuitable investment, acted negligently, breached his fiduciary duty, and failed in his supervisory responsibilities. The pending complaint alleges damages of $200,000.

In a statement included with the complaint’s disclosure, Mr. Roberts defended himself against the allegations. “The investors completed a 1031 exchange into a portfolio of three DST replacement properties, diversified across three asset classes, consistent with their stated objectives of tax deferral, capital preservation, and passive income,” he wrote in part. “It was clearly communicated that DST investments involve speculative risks, that loss of invested capital was possible, that distributions are not guaranteed, and that the investments are illiquid. In subsequent years, the subject DST experienced market-driven headwinds, including declining occupancy and rental rates, rising insurance costs, and increased property tax and maintenance expenses. These developments were not foreseeable at the time of investment.”

According to the Financial Industry Regulatory Authority, Peter Roberts holds seven years of securities industry experience. Based in Richmond, Virginia, he has been registered as a broker with WealthForge Securities since 2019, doing business as Cornerstone Real Estate Investment Services. His past registrations include Cabot Lodge Securities and Sandlapper Securities. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the General Securities Representative Examination, or Series 7. (Information current as of June 7, 2026.)

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