Betty Friant: FNEX Capital Advisor Private Placement Complaint

Indianapolis financial advisor Betty Friant (CRD# 2122446) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that she is a broker registered with FNEX Capital and a representative of Kay Properties & Investments.

Ms. Friant’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of FNEX Capital, she acted negligently, recommended an unsuitable private placement investment, and breached her fiduciary duty. The pending complaint alleges unspecified damages.

Kay Properties & Investments’ website includes a profile of Ms. Friant. As it notes, she is a Vice President and Managing Director at the firm. Before she joined Kay Priorities, it adds, she spent several decades working in the commercial real estate industry. “In her executive capacity with Kay Properties, Friant has been instrumental in helping the firm achieve year-over-year gains in equity placements, number of transactions, and clients represented,” the profile states. “To date, Betty has helped Kay Properties participate in more than $30 Billion of 1031 investments totaling approximately 50 million square feet of multifamily, manufactured housing, single tenant net lease, industrial, self-storage and medical properties nationwide.”

According to the Financial Industry Regulatory Authority, Betty Friant holds 10 years of securities industry experience. Based in Indianapolis, Indiana, she has been a broker with FNEX Capital since January 2022. Her past registrations include Growth Capital Services (Washington, DC; 2020-2022) WealthForge Securities (Washington, DC; 2017-2020), Colorado Financial Services Corporation (Washington, DC; 2016-2017), MCL Financial Group (Glen Allen, Virginia; 2010-2011), Welton Street Investments (Englewood, Colorado; 2006-2007, 2008), and PFS Investments (1991-1992). Her credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. She holds 51 state licenses. (Information current as of December 4, 2023.)

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