Investors have reportedly disputed the sales practices of securities broker David Ray Loesch [CRD: 2380024, Katy, Texas], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Loesch has been registered with NewEdge Securities LLC since July 7, 2017. Read on to learn more about the disclosures concerning Loesch’s conduct and the client disputes that have been filed about him.
Particularly, on August 5, 2025, a NewEdge Securities client filed FINRA Arbitration No. 25-01602 about David Loesch. Mainly, the client alleged that Loesch inappropriately used margin to purchase municipal bonds and failed to discontinue margin use following a rise in interest rates. Because of this, the investor allegedly incurred damages connected to those municipal bonds. Consequently, the client requested $179,000 in compensation from NewEdge Securities or Loesch. It appears that this arbitration is pending a resolution.
Specifically, a client of De Fry disputed David Loesch’s sales practices, according to a complaint dated February 23, 2010. Allegedly, Loesch made unsuitable recommendations concerning fixed income investments. It appears that Loesch allegedly caused the client to sustain damages linked to corporate bonds and municipal bonds. Therefore, the client sought compensation from De Fry or Loesch in the amount of $60,000 in this matter. However, the firm denied this complaint.
Notably, on August 7, 2001, a First Allied Securities client filed a complaint about David Loesch. Primarily, the client alleged that Loesch made unsuitable recommendations. For this reason, the client allegedly sustained damages relating to asset-backed bonds. As a result, the client requested $25,000 in compensation from First Allied Securities or Loesch. However, the firm denied this complaint.
Do you have concerns or questions regarding investments you made with David Loesch? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Loesch and brokerage firms Loesch worked for deny allegations of sales practice violations.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
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