Frank Dietrich, formerly with Quest Capital Strategies, Barred from Securities Industry
– Springfield, Virginia
Have you lost money with financial advisor Frank Dietrich from Springfield, Virginia? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Frank R. Dietrich. FINRA barred Dietrich from the securities industry regarding allegations that he sold over $10 million in investments in the Woodbridge Group of Companies. It was alleged that Dietrich sold the Woodbridge investments without permission from his brokerage firm, Quest Capital Strategies. Woodbridge recently filed for bankruptcy, and investors will likely suffer substantial losses.
Frank Dietrich was a registered representative and financial advisor with Quest Capital Strategies from March 2013 to April 2018. He worked out of a branch office in Springfield, Virginia. He also operated 1st Choice Financial Services and Wealth Crafters. Dietrich was allowed to resign by Quest Capital Strategies, and he’s been the subject of numerous customer complaints regarding Woodbridge.
Broker-dealers like Quest Capital Strategies have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Virginia. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Dietrich, Frank FINRA AWC
Click to view: Dietrich, Frank BrokerCheck 11.216.18
If you have lost money with Frank Dietrich and Quest Capital Strategies, and want to hear about ALL legal options, please CONTACT ISRAELS & NEUMAN at 720-599-3505 for a Free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.