There are options for clients of former Wealthforge Securities, LLC broker Dwight Kay (CRD# 5376903) who suffered private placement investment losses. He has been registered with Fnex Capital, LLC in Indianapolis, Indiana, since 2022. Previously, he was registered with the following firms:
- Growth Capital Services, Inc. in Torrance, California, from 2020 to 2022
- Wealthforge Securities, LLC in Torrance, California, from 2017 to 2020
- Colorado Financial Service Corporation in Centennial, Colorado, from 2015 to 2017
- Concorde Investment Services, LLC in Palos Verdes Estates, California, from 2012 to 2015
Dwight Kay Customer Complaints
He has been the subject of seven customer complaints between 2010 and 2023, one of which was denied, according to his CRD report:
April 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $552,535.65 in damages, and the complaint was regarding private placements.
April 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $1,179,043.06 in damages, and the complaint was regarding private placements.
March 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $295,000 in damages, and the complaint was regarding private placements.
February 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $1,800,000 in damages, and the complaint was regarding private placements.
January 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $2,523,243.13 in damages, and the complaint was regarding private placements.
January 2023. “Respondents failed to conduct a reasonable due diligence on NP Skyloft DST, misrepresented this investment and failed to disclose material facts concerning this investment to claimants.” The case is currently pending. The customer sought $4,108,931.83 in damages, and the complaint was regarding private placements.
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 investment or other losses suffered by Dwight Kay’s 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.
"*" indicates required fields
