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Investors Allege Dwight Kay Misrepresented Investment

Dwight Kay (CRD #: 5376903), a broker registered with FNEX Capital, allegedly misrepresented and omitted information about an investment, according to his BrokerCheck record, accessed on June 2, 2023. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

Six disputes, filed from January to April 2023, allege that Dwight Kay made misrepresentations and omitted material facts about NP Skyloft DST. Investors further allege that his firm failed to conduct due diligence on this investment. These disputes are currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information related to investments, such as their features, fees, or risks.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Dwight Kay has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 22 – Direct Participation Programs Representative Examination

Dwight Kay is a registered broker in all 49 states and the District of Columbia.

He has also worked for the following firms:

  • Growth Capital Services (CRD#:124658)
  • WealthForge Securities (CRD#:152550)
  • Colorado Financial Service Corporation (CRD#:104343)
  • Concorde Investment Services (CRD#:151604)
  • Independent Financial Group (CRD#:7717)
  • Private Asset Group (CRD#:142541)

Kurta Law Can Help

If you worked with Dwight Kay and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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