Houston Securities Law Office 

For Texas Investors Who Suffered Losses In iCapital VRF or Virage, The Time To Explore Your Legal Options Is Now

Contact our iCap VRF Investment Losses Attorneys in Houston, TX

Shepherd Smith Edwards and Kantas Houston Securities Law Office (investorlawyers.com) is continuing to speak with Texas investors who suffered losses involving iCapital VRF (AKA as iCap VRF) or Virage. iCap VRF is a feeder fund that is invested in Virage Capital Management.

The latter is heavily invested in healthcare recovery and analytics company MSP Recovery (NASDAQ: MSPR) (formerly D/B/A LifeWallet). MSPR’s stock has since dropped significantly (down to .65 cents on August 13, 2025). This has impacted even indirect investors, including iCap VRF investors.

iCapital VRF was marketed to mostly Texas investors, in particular around the Houston area, by Rockefeller Financial and other broker-dealers. Rockefeller Financial is a Rockefeller Capital Management subsidiary. The parent company partnered with iCapital VRF, which allowed the broker-dealers’ customers, primarily wealthy investors, to avail of investments involving this feeder fund.

Our Houston Securities Law Office is looking into whether Rockefeller Financial and any of the other brokerage firms that sold iCap VRF/Virage to investors made unsuitable investment recommendations, misrepresentations, and omissions of the risks, overconcentrated customers’ accounts, disregarded their best interests, or engaged in some type of broker misconduct or negligence.

Did A Rockefeller Financial Registered Representative Sell You iCap VRF or Virage? 

Former Rockefeller Financial broker Samuel David Frankfort is one of the registered representatives who sold iCapital VRF investments to customers. He was suspended as a stockbroker by FINRA after not complying with an arbitration award that ordered him to pay Rockefeller Financial more than $1.8M related to two promissory notes. Samuel Frankfort remains a registered investment adviser with Corient in Houston.

Frankfort’s Broker CRD shows one customer in which claimants are seeking up to $500,000 in damages related to complex investment products. Also last month, our iCapital VRF recovery attorneys filed a seven-figure lawsuit against Rockefeller Financial on behalf of two former customers of Frankfort.

We Represent Retail Investors, Accredited Investors, Wealthy Investors, and Institutional Investors

Unfortunately, investors of all levels of experience and net worth can fall victim to unsuitable investment recommendations by a broker. From our securities law offices in Dallas and Houston, Shepherd Smith Edwards and Kantas has been fighting for Texas investors for more than 35 years.

We are a highly rated, well-respected, and knowledgeable legal team with over a combined total of more than 100 years of experience in securities law and the securities industry.

We understand that losing a significant amount of money in any investment can take a toll on your finances and your life. It is why we represent investors against the broker-dealers and their financial advisors who should be held liable for your losses.

We have helped thousands of investors to collectively recoup many millions of dollars in awards and settlements. We provide not just seasoned securities representation, but also personalized attention to all of our clients.

Schedule Your Free Consultation With One of Our iCapital VRF Attorneys:

Call our Houston securities law office at (936) 251-0033 or (800) 259-9010. You can also fill out this online contact form.