Last Updated: April 2025 | Katy, TX
Here’s what you need to know about Katy, TX, stockbroker David Loesch:
- Name: Mr. David Ray Loesch
- Current Employer: NewEdge Securities, LLC
- Prior Employers: WFG Investments, Inc., First Allied Securities, Inc., D.E. Frey & Company, Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Katy, TX
- CRD: 2380024
- Can David Loesch be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of: $179,000
If you’ve sustained damages from Mr. Loesch, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With David Loesch As Your Stockbroker?
A customer of NewEdge Securities, LLC, filed a complaint in 4/2025, alleging that broker David Loesch improperly used margin to purchase municipal bonds and failed to discontinue margin use as interest rates rose in 2022. The client is seeking damages of $179,000.
The pending matter alleges the improper use of leverage and failure to manage risk appropriately—actions that may violate FINRA Rule 2111 (Suitability), which requires brokers to have a reasonable basis to believe a recommended transaction or investment strategy is suitable for the customer.
Two other customers of Loesch made complaints alleging unsuitable investment recommendations. In both instances the firm denied liability and the customer did not pursue the matter further.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090) Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against David Loesch
Customers of David Loesch have alleged the following wrongdoing in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: Multiple clients have claimed that Loesch recommended investments that were not suitable for their financial needs or risk tolerance.
- Improper Use of Margin:
- Failure to Disclose Risks:
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by David Ray Loesch, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.