Our firm is investigating Cambridge Investment Research, Inc. broker and investment adviser representative Christopher Allen Raup (CRD# 4500786) of Carlisle, Pennsylvania for potential investment-related misconduct.
Financial Advisor’s Career History
Based on the BrokerCheck report, Christopher A. Raup’s securities industry registrations and reported employment history include:
- Cambridge Investment Research, Inc. (Registered Representative) — 08/2017 to Present (branch locations listed include Carlisle, PA)
- Cambridge Investment Research Advisors, Inc. (Investment Adviser Representative) — 08/2017 to Present
- ON Investment Management Co. (Investment Adviser Representative) — 03/2008 to 08/2017
- The O.N. Equity Sales Company (Registered Representative) — 09/2003 to 08/2017
- Investors Capital Corp. (Registered Representative) — 02/2003 to 09/2003
- Legacy Financial Services, Inc. (Registered Representative) — 02/2002 to 12/2002
The report also reflects a variety of other disclosed business activities (including investment-related activities), but the above list captures the primary securities registration/employment history shown.
Christopher Allen Raup Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one pending customer dispute (reported as a customer dispute disclosure event).
Pending customer dispute filed in federal court (notice/process served December 11, 2025)
According to the disclosure narrative, the matter involves a disagreement between two sisters concerning the handling of their late parent’s account. The disclosure suggests one sister may have moved funds in a manner the other questions, and it further suggests the financial professional may have been involved in advising on or assisting with those transactions. The “Product Type” field is listed as No Product.
Key details reported include:
- Status: Pending customer dispute
- Employing firm (at time of alleged activity): Cambridge Investment Research, Inc.
- Date notice/process served: 12/11/2025
- Forum: Federal Court
- Court: United States District Court for the Western District of Virginia, Lynchburg Division
- Court location shown: Roanoke, Virginia
- Case number: 6:25-cv-00106-EKD-CKM
- Alleged damages (as reported): $0.00 (with the report noting the claim does not allege a specific damage amount but requests equitable monetary relief, including surcharge, restitution, make-whole relief, and recovery of alleged improper fees/losses)
- Broker statement (reported): The plaintiff is not currently, nor has she ever been, a securities client of the financial professional.
Disclosures summary (for context)
- Customer Dispute (Pending) — Allegations relating to advice/assistance in questioned transactions involving a late parent’s account; federal court case; notice served 12/11/2025; damages listed as $0.00 with a request for equitable monetary relief.
To obtain a copy of Christopher Allen Raup’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2090 (Know Your Customer) is relevant in matters where a financial professional is alleged to have advised on or assisted with questioned transactions tied to an account. In a dispute like the one described—where there is a disagreement about handling a late parent’s account—Know Your Customer “essential facts” diligence is commonly analyzed through the lens of whether the advisor reasonably understood the account’s ownership/authority structure, the identity and role of the authorized decision-makers, and any restrictions affecting who could direct transfers or movements of funds.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is often implicated as the baseline ethics rule when allegations involve conduct that could be characterized as improper assistance, poor judgment, or facilitating disputed activity. If a financial professional is alleged to have advised on or helped implement transactions that were later challenged by an interested party, Rule 2010 frames the question of whether the conduct reflected high standards of commercial honor—particularly regarding transparency, handling of sensitive account circumstances, and avoiding actions that could mislead or disadvantage an interested party.
FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds) can become relevant when allegations concern movement of funds and whether customer assets were handled strictly in accordance with authorized instructions and proper purpose. While the BrokerCheck narrative here does not state a finding of wrongdoing and lists damages as $0.00, disputes that hinge on “who moved money” and whether a professional assisted with those movements often raise questions about whether any facilitation could constitute an improper use or mishandling of customer funds under the rule—especially if authorization, purpose, or documentation is contested.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker fraud misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.