There are options for clients of Wealthforge Securities, LLC broker David Kangas (CRD# 6591398), who suffered investment losses. He has been registered with Wealthforge Securities, LLC in Richmond, Virginia, since 2019. He was registered with Cabot Lodge Securities LLC in Orange, California, from March to November 2019, and Sandlapper Securities, LLC in Orange, California, from 2016 to 2019.
David Kangas Customer Complaints
He has been the subject of four customer complaints between 2025 and 2026, according to his CRD report:
April 2026. “From investment activity in 2022, claimant alleges the following: negligence, lack of suitability, fraud, lack of due diligence, misrepresentation, failure to supervise, omitting material facts, breach of contract, and breach of fiduciary duty.” The customer is seeking $1,000,000 in damages, and the case is currently pending. The complaint was regarding private placement losses.
March 2026. “From investment activity in April 2022, claimants allege the following: negligence, lack of suitability, fraud, lack of due diligence, misrepresentation, omitting material facts, breach of contract, and breach of fiduciary duty.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding private placement losses.
March 2026. “From investment activity in September 2023, claimants allege the following: negligence, lack of suitability, fraud, lack of due diligence, misrepresentation, omitting material facts, breach of contract, breach of fiduciary duty.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding private placement losses.
October 2026. “From investment activity in September 2021, claimant alleges fraud, lack of suitability, misrepresentations/omissions, negligence, breach of fiduciary duty, and breach of contract.” The case is currently pending. The complaint was regarding private placement losses
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wealthforge Securities, LLC may be liable for investent or other losses suffered by David Kangas’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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