Chay Lapin of FNEX Capital: $8.6 Million NP Skyloft DST Complaint
Summary
National investment loss lawyers KlaymanToskes is investigating Chay Lapin (CRD# 6275140) of FNEX Capital following the filing of six customer complaints against the Indianapolis, Indiana-based stockbroker. According to its Form D SEC filing, Nelson Partners raised over $75 million from investors in order to fund its luxury student housing complex located near the University of Texas in Austin, TX. KlaymanToskes believes that the brokerage/investment advisory firms that sold NP Skyloft were negligent in failing to investigate the preferred equity loan disclosed in the offering documents. According to its Form D SEC filing, Nelson Partners raised over $75 million from investors in order to fund its luxury student housing complex located near the University of Texas in Austin, TX. They can also be held liable if their due diligence was inadequate, they failed to question the company’s risk, financing needs, and/or the safeguards ensuring its $35 million loan would be paid off.