Last Updated: December 2023 (Washington, DC)
Betty Friant Investigation Summary
Here’s what you need to know about Washington, DC, stockbroker Betty Friant:
- Name: Elizabeth Learned Friant
- Current Employer: FNEX Capital LLC
- DBA: Kay Properties and Investments, Cove Capital Investments, Oakcrest Referral Company, Friant Properties
- Previous Firms: Growth Capital Services, Wealthforge Securities, Colorado Financial Service Corp.
- Function: Stock Broker/ Financial Advisor
- Aliases: Betty Friant, Betty Ann Learned
- Primary Location: Washington, DC
- CRD 2122446
- Can Betty Friant be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of Unspecified Amount
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Betty Friant As Your Stockbroker?
A customer of Wealthforge Securities filed a FINRA arbitration in 10/2023 alleging that Betty Friant failed to conduct reasonable basis suitability analysis in recommending an investment in a private placement. Damages are unspecified in this currently pending matter.
Kay Properties, a dba for FNEX Capital ( kpi1031.com ), “provides access to the marketplace of typically 20-40 DSTs from over 25 different sponsor companies” according to their website.
What is a Delaware Statutory Trust (DST) ?
Allegations of Broker Misconduct Against Betty Friant
A customer of Betty Friant has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in a private placement
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
See this for more information on REITs and Other Alternative Investments
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Wealthforge Securities brokers
If you have suffered investment losses in an account handled by Betty Friant, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.