Frank Dietrich was registered with Quest Capital Strategies, Inc. in Lake Forest, California from March 2013 to April 2018, when he was terminated regarding, “Failure to fully disclose outside business activities and sale of unapproved product.” Dietrich sold Woodbridge notes to multiple investors.
Dietrich has been the subject of six customer complaints between 2013 and 2018, according to his CRD report. The complaints include:
April 2018: Client states that she purchased a Woodbridge Wealth Promissory Note through Frank Dietrich in January of 2017, outside of Quest Capital Strategies. The customer is seeking $200,000 in damages and the case is currently pending.
April 2018: Claimant purchased $400,000 in Woodbridge promissory notes via Frank Dietrich outside the scope of Firm in 2013, 2015, and 2017. The customer is seeking $400,000 in damages and the case is currently pending.
March 2018: The customer is seeking $633,880 in damages and the case is currently pending.
Quest Capital Strategies has generally denied the claims alleging they were unaware of Dietrich’s recommendations. However, a brokerage firm may be liable for failing to supervise the activities of a financial advisor.
Contact Our Firm if You’ve Invested with Frank Dietrich
If you invested with Frank Dietrich and believe you have lost money due to his misconduct, you may be able to file a claim to recover your losses through FINRA arbitration. For a free evaluation of your potential case by as securities attorney, please contact Silver Law Group.
Silver Law Group is a nationally-recognized securities law firm headquartered in South Florida representing investors worldwide with their claims for losses due to securities and investment fraud. The firm has successfully recovered multi-million dollar awards for its clients through securities arbitration and the courts. To contact Scott L. Silver to discuss your legal matter, call toll-free (800) 975-4345 or e-mail him at SSilver@silverlaw.com.