{"id":6802,"date":"2019-01-31T15:24:40","date_gmt":"2019-01-31T21:24:40","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6802"},"modified":"2019-01-31T15:24:40","modified_gmt":"2019-01-31T21:24:40","slug":"investor-fraud-quest-capital-strategies-must-pay-investor-276k-in-woodbridge-ponzi-fraud-finra-warns-firms-about-recommending-unsuitable-529-plan-share-classes-and-ex-ameritas-broker-is-barred-fro","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-quest-capital-strategies-must-pay-investor-276k-in-woodbridge-ponzi-fraud-finra-warns-firms-about-recommending-unsuitable-529-plan-share-classes-and-ex-ameritas-broker-is-barred-fro\/","title":{"rendered":"Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry"},"content":{"rendered":"<p>\t\t\t\t<strong>Investor Awarded $276K in Woodbridge Ponzi Fraud<\/strong><\/p>\n<p>A <a href=\"http:\/\/www.finra.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA) <\/a>arbitration panel has awarded more than $276K to an investor that lost money in the $1.2B Woodbridge Ponzi scam. The panel found that Quest Capital Strategies did not properly supervise former broker Frank Dietrich, who sold $400K of Woodbridge-sponsored mortgage notes to the investor.<\/p>\n<p>According to <em>InvestmentNews<\/em>, Dietrich sold $10.8M of Woodbridge mortgage funds to 58 investors, making nearly $261K in commissions. He retired in March. In November, FINRA barred him after finding that the former broker did not obtain Quest\u2019s approval to sell the notes.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-quest-capital-strategies-must-pay-investor-276k-in-woodbridge-ponzi-fraud-finra-warns-firms-about-recommending-unsuitable-529-plan-share-classes-and-ex-ameritas-broker-is-barred-fro\/\"  title=\"Continue Reading Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investor Awarded $276K in Woodbridge Ponzi Fraud A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded more than $276K to an investor that lost money in the $1.2B Woodbridge Ponzi scam. The panel found that Quest Capital Strategies did not properly supervise former broker Frank Dietrich, who sold $400K of Woodbridge-sponsored mortgage notes to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3953,3773,3762,3739,4049,3738],"tags":[3270,3271,3216,3272,3219,2914],"class_list":["post-6802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbitration-rulings","category-broker-fraud","category-current-investigations","category-finra","category-industry-bars","category-investor-fraud","tag-529-plans","tag-ameritas","tag-frank-dietrich","tag-kristian-gaudet","tag-quest-capital-strategies","tag-woodbridge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry &#8212; Investor Lawyers Blog &#8212; January 31, 2019<\/title>\n<meta name=\"description\" content=\"Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-quest-capital-strategies-must-pay-investor-276k-in-woodbridge-ponzi-fraud-finra-warns-firms-about-recommending-unsuitable-529-plan-share-classes-and-ex-ameritas-broker-is-barred-fro\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry &#8212; Investor Lawyers Blog &#8212; January 31, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2016\/09\/SSEK-Logo.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry &#8212; Investor Lawyers Blog &#8212; January 31, 2019","description":"Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-quest-capital-strategies-must-pay-investor-276k-in-woodbridge-ponzi-fraud-finra-warns-firms-about-recommending-unsuitable-529-plan-share-classes-and-ex-ameritas-broker-is-barred-fro\/","twitter_card":"summary_large_image","twitter_title":"Investor Fraud: Quest Capital Strategies Must Pay Investor $276K in Woodbridge Ponzi Fraud, FINRA Warns Firms About Recommending Unsuitable 529 Plan Share Classes, and Ex-Ameritas Broker is Barred from the Securities Industry &#8212; Investor Lawyers Blog &#8212; 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