Were you the victim of Newedge Securities, LLC broker David Loesch (CRD# 2380024)? He has been registered with Newedge Securities, LLC in Katy, Texas, since 2017. He was registered with WFG Investments, Inc. in Katy, Texas, from 2001 to 2017.
David Loesch Customer Complaints
He has been the subject of three customer complaints between 2021 and 2025, two of which were denied, according to his CRD report:
April 2025. “Client alleges that the use of margin to purchase municipal bonds was not explained and should have been discontinued when interest rates began to rise in 2022.” The customer is seeking $179,000 in damages, and the case is currently pending. The complaint was regarding municipal debt and the use of margin, and it took place while he was registered with Newedge Securities, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Newedge Securities, LLC may be liable for investment or other losses suffered by David Loesch’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
