Investors Complain About Chay Lapin

Soreide Law Group is investigating possible investor claims against securities broker Chay Thomas Lapin (CRD: 6275140, Torrance, California). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Wealthforge Securities LLC. Supposedly, one or more individuals claim that Lapin breached a fiduciary duty and made unsuitable recommendations. Here is a brief summary of the disclosures about Lapin.

Lapin Discloses Omissions Allegations By Wealthforge Securities LLC Client

Specifically, a client of Wealthforge Securities LLC contested Chay Lapin’s sales practices by filing FINRA Arbitration: 23-00560 on May 2, 2023. Allegedly, Lapin made omissions, made misrepresentations, breached a fiduciary duty, breached a contract, failed to perform due diligence, and provided unsuitable advice. It appears that Lapin caused the client to sustain damages on private placements. Therefore, the client seeks compensatory relief from Wealthforge Securities LLC or Lapin in the amount of $1,179,043.06 in this ongoing matter.

Wealthforge Securities LLC Investor Accused Chay Lapin Of Negligence

Particularly, on May 2, 2023, a Wealthforge Securities LLC client filed FINRA Arbitration: 23-00559 about Chay Lapin. Namely, the client alleged that Lapin was negligent, failed to perform due diligence, made misrepresentations, made omissions, breached a contract, and breached a fiduciary duty. Because of this, the client allegedly sustained damages on private placements. Therefore, the client requested $552,535.65 in compensation from Wealthforge Securities LLC or Lapin. Evidently, this arbitration is pending a resolution.

Lapin Discloses Unreasonable Due Diligence Allegations By Wealthforge Securities LLC Client

Specifically, a client of Wealthforge Securities LLC contested Chay Lapin’s sales practices by filing FINRA Arbitration: 23-00034 on March 14, 2023. Allegedly, Lapin failed to perform due diligence, was negligent, made omissions, made unsuitable recommendation and misrepresentations, breached a fiduciary duty, and breached a contract. Therefore, the client seeks compensatory relief from Wealthforge Securities LLC or Lapin in the amount of $295,000 in this ongoing matter.

Wealthforge Securities LLC Investor Accused Chay Lapin Of Misrepresentation

Particularly, on February 8, 2023, a Wealthforge Securities LLC client filed FINRA Arbitration: 22-02796 about Chay Lapin. Namely, the client alleged that Lapin made misrepresentations and omissions, breached a contract, failed to perform due diligence, and breached a fiduciary duty. Therefore, the client requested $1,800,000 in compensation from Wealthforge Securities LLC or Lapin. Evidently, this arbitration is pending a resolution.

Lapin Discloses Unreasonable Due Diligence Allegations By Wealthforge Securities LLC Client

Specifically, a client of Wealthforge Securities LLC contested Chay Lapin’s sales practices by filing FINRA Arbitration: 22-02797 on January 9, 2023. Allegedly, Lapin failed to perform due diligence, made misrepresentations, made omissions, breached a fiduciary duty, breached a contract, and was negligent. Therefore, the client seeks compensatory relief from Wealthforge Securities LLC or Lapin in the amount of $2,523,243.13 in this ongoing matter.

Wealthforge Securities LLC Investor Accused Chay Lapin Of Unsuitable Recommendations

Also, on January 4, 2023, a Wealthforge Securities LLC client filed FINRA Arbitration: 22-02798 about Chay Lapin. Namely, the client alleged that Lapin made unsuitable recommendations, made misrepresentations, and made omissions. Because of this, the client allegedly sustained damages on NP Skyloft DST private placements. Therefore, the client requested compensation from Wealthforge Securities LLC or Lapin. Evidently, this arbitration is pending a resolution.

Lapin Discloses Poor Performance Allegations By Colorado Financial Service Corporation Client

Specifically, a client of Colorado Financial Service Corporation contested Chay Lapin’s sales practices in 2019. Allegedly, Lapin recommended investments which poorly performed. Supposedly, Lapin caused the client to sustain damages on private placements. Therefore, the client seeks compensatory relief from Colorado Financial Service Corporation or Lapin in this ongoing matter.

Lapin Employment Information

• Lapin worked for Wealthforge Securities LLC from June 12, 2017, to July 28, 2020.

• Lapin worked for Growth Capital Services Inc. from July 23, 2020, to January 14, 2022.
  
• Lapin has worked for Fnex Capital LLC since January 23, 2022.

Did Wealthforge Securities LLC Securities Broker Chay Lapin Cause You To Experience Damages?

Have you experienced damages by investing with Chay Lapin? If so, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Lapin and brokerage firms Lapin worked for deny any and all allegations of sales practice violations.