DID CHAY LAPIN CAUSE YOU INVESTMENT LOSSES?
Chay Lapin Of FNEX Capital, LLC Has 9 Customer Complaints For Alleged Broker Misconduct
About Chay Lapin of FNEX Capital, LLC?
Chay Lapin (CRD #6275140) is a registered broker with a significant presence in the financial industry. He is currently employed by FNEX Capital, LLC, where he has been registered since January 23, 2022. Over his career, Mr. Lapin has passed 2 general industry/product exams and 1 multi-state securities law exam. He is licensed in all 50 U.S. states and territories, demonstrating his broad regulatory approval. His previous registrations include positions with Growth Capital Services, Inc., WealthForge Securities, LLC, and Colorado Financial Service Corporation. Mr. Lapin’s career spans over a decade, with roles in various financial services firms primarily based in California.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Chay Lapin Customer Complaints and Reviews
- Customer Disputes: 9 Incidents
- Pending Disputes (7 Incidents): Mr. Lapin is involved in several pending arbitration cases, most of which stem from allegations related to investment activity in 2019. The disputes typically involve claims of failure to conduct reasonable due diligence, negligence, failure to disclose material facts, failure to conduct suitability, and misrepresentation. The alleged damages range from $137,000 to $4,108,931.83.
- Closed/No Action Disputes (2 Incidents):
- Case 1 (July 7, 2023): A customer alleged unsuitable, high-cost, illiquid investments subject to excessive fees, with claimed damages of $400,000. The case was closed with no action on December 19, 2023.
- Case 2 (November 13, 2019): A customer complained about the performance of two private placements, alleging that their funds were locked out of their control. The complaint was denied on December 12, 2019, with no monetary damages involved.
Allegations Against Chay Lapin
- Customer Dispute Allegations:
- Failure to Conduct Due Diligence: Several customers have alleged that Mr. Lapin failed to conduct reasonable due diligence on investments, particularly related to private placements.
- Negligence and Misrepresentation: There are numerous claims that Mr. Lapin was negligent and misrepresented the risks associated with certain investments, leading to significant alleged damages.
- Failure to Disclose Material Facts: Allegations also include failure to disclose key information that would have impacted the customers’ investment decisions.
Chay Lapin Red Flags & Your Rights As An Investor
Of course, Chay Lapin did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Chay Lapin at FNEX Capital, LLC on alert to review carefully the activity and performance of their accounts and question whether Chay Lapin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at FNEX Capital, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At FNEX Capital, LLC Due To Chay Lapin
If you have questions about FNEX Capital, LLC and/or Chay Lapin and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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