FRANK ROLAND DIETRICH · choice property mgmt, llc - investment related. 7051 brookfield plaza #6315, springfield, va 22150. nature of business: real estate property management and

BrokerCheck Report

FRANK ROLAND DIETRICH

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 2506091

1

2 - 3

5 - 6

7

Page(s)

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FRANK R. DIETRICH

CRD# 2506091

This broker is not currently registered.

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Regulatory Event 2

Customer Dispute 9

Termination 1

Investment Adviser RepresentativeInformation

https://www.adviserinfo.sec.gov

The information below represents the individual'srecord as a broker. For details on this individual'srecord as an investment adviser representative,visit the SEC's Investment Adviser PublicDisclosure website at



This broker has passed:

1 Principal/Supervisory Exam

3 General Industry/Product Exams

2 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

QUEST CAPITAL STRATEGIES, INC.CRD# 16783LAGUNA HILLS, CA03/2013 - 04/2018

B

WUNDERLICH SECURITIES, INC.CRD# 2543GAINESVILLE, VA03/2007 - 03/2013

B

CAPITAL SECURITIES OF AMERICA, INC.CRD# 36405HARTVILLE, OH09/2002 - 03/2007

B

www.finra.org/brokercheck User Guidance

1�2020 FINRA. All rights reserved. Report about FRANK R. DIETRICH.


https://adviserinfo.sec.gov/individual/summary/2506091

http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.








Industry Exams this Broker has Passed

This individual has passed 1 principal/supervisory exam, 3 general industry/product exams, and 2 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

Investment Company Products/Variable Contracts Principal Examination 12/23/1994Series 26B

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 04/04/2018SIEB

General Securities Representative Examination 10/08/2009Series 7B

Investment Company Products/Variable Contracts RepresentativeExamination

08/02/1994Series 6B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 07/31/2010Series 65IA

Uniform Securities Agent State Law Examination 08/02/1994Series 63B

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.







Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

B 03/2013 - 04/2018 QUEST CAPITAL STRATEGIES, INC. 16783 LAGUNA HILLS, CA

B 03/2007 - 03/2013 WUNDERLICH SECURITIES, INC. 2543 GAINESVILLE, VA

B 09/2002 - 03/2007 CAPITAL SECURITIES OF AMERICA, INC. 36405 HARTVILLE, OH

B 05/2000 - 07/2002 THE LEADERS GROUP, INC. 37157 LITTLETON, CO

B 08/1994 - 12/1999 PFS INVESTMENTS INC. 10111 DULUTH, GA

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

01/2017 - Present 1ST CHOICE FINANCIAL SERVICES MANAGER N SPRINGFIELD, VA, UnitedStates

12/2014 - Present WEALTH CRAFTERS, LLC PROPRIETOR/ADVISOR

N SPRINGFIELD, VA, UnitedStates

03/2013 - Present QUEST CAPITAL STRATEGIES, INC. REGISTEREDREPRESENTATIVE

Y LAKE FOREST, CA, UnitedStates

09/2004 - Present CHOICE PROPERTY MGMT, LLC OWNER Y SPRINGFIELD, VA, UnitedStates

03/2007 - 03/2013 WUNDERLICH SECURITIES, INC. MASS TRANSFER Y HARTVILLE, OH, UnitedStates

Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

CHOICE PROPERTY MGMT, LLC - INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD, VA 22150. NATURE OFBUSINESS: REAL ESTATE PROPERTY MANAGEMENT AND SALES. 100% OWNER, POSITION: OWNER. STARTED 9/27/2004. 15 HRS/MO,0 HRS/MO DURING TRADING HOURS. DUTIES: UPKEEP OF REAL ESTATE HOLDINGS. PURCHASING AND SELLING OF PERSONALREAL ESTATE HOLDING.

WEALTH CRAFTERS, LLC. NON-INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD VA 22150. NATURE OFBUSINESS: FIXED PRODUCT SALES, LIFE, HEALTH, MEDICAL, MEDICARE SUPPLEMENTS. 100% OWNER, POSITION:PROPRIETOR/ADVISOR. STARTED 12/15/14. 30 HRS/MO AND 5 HRS/MO DURING TRADING HRS. DUTIES: BUSINESS OPERATIONS,WORKING WITH CONSUMERS AND BUSINESSES.

1ST CHOICE FINANCIAL SERVICES - NON-INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD VA 22150. NATUREOF BUSINESS: INSURANCE AND FIXED PRODUCTS SALES AND SERVICING. 100% OWNER, POSITION: MANAGER. STARTED: 1/5/2017.5 HRS/MONTH AND 2 HRS/MONTH DURING TRADING HOURS. DUTIES: CONDUCT SALES AND SERVICING OF CLIENTS.







Other Business Activities, continuedCHOICE PROPERTY MGMT, LLC - INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD, VA 22150. NATURE OFBUSINESS: REAL ESTATE PROPERTY MANAGEMENT AND SALES. 100% OWNER, POSITION: OWNER. STARTED 9/27/2004. 15 HRS/MO,0 HRS/MO DURING TRADING HOURS. DUTIES: UPKEEP OF REAL ESTATE HOLDINGS. PURCHASING AND SELLING OF PERSONALREAL ESTATE HOLDING.

WEALTH CRAFTERS, LLC. NON-INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD VA 22150. NATURE OFBUSINESS: FIXED PRODUCT SALES, LIFE, HEALTH, MEDICAL, MEDICARE SUPPLEMENTS. 100% OWNER, POSITION:PROPRIETOR/ADVISOR. STARTED 12/15/14. 30 HRS/MO AND 5 HRS/MO DURING TRADING HRS. DUTIES: BUSINESS OPERATIONS,WORKING WITH CONSUMERS AND BUSINESSES.

1ST CHOICE FINANCIAL SERVICES - NON-INVESTMENT RELATED. 7051 BROOKFIELD PLAZA #6315, SPRINGFIELD VA 22150. NATUREOF BUSINESS: INSURANCE AND FIXED PRODUCTS SALES AND SERVICING. 100% OWNER, POSITION: MANAGER. STARTED: 1/5/2017.5 HRS/MONTH AND 2 HRS/MONTH DURING TRADING HOURS. DUTIES: CONDUCT SALES AND SERVICING OF CLIENTS.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Regulatory Event 0 2 0

Customer Dispute 3 6 N/A

Termination N/A 1 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Regulatory - Final

This type of disclosure event may involve (1) a final, formal proceeding initiated by a regulatory authority (e.g., a state securities agency, self-regulatory organization, federal regulatory such as the Securities and Exchange Commission, foreign financial regulatory body) for a violation ofinvestment-related rules or regulations; or (2) a revocation or suspension of a broker's authority to act as an attorney, accountant, or federalcontractor.

Disclosure 1 of 2

Reporting Source: Regulator

Regulatory Action InitiatedBy:

FINRA

Sanction(s) Sought:

Date Initiated: 11/26/2018

Docket/Case Number: 2018057197801

Employing firm when activityoccurred which led to theregulatory action:

Quest Capital Strategies, Inc.

Product Type: Other: private securities transaction with promissory notes

Allegations: Without admitting or denying the findings, Dietrich consented to the sanction andto the entry of findings that he did not provide notice to his member firm prior toparticipating in the soliciting of investors to purchase promissory notes relating to apurported real estate investment fund, nor did he obtain approval from the firm forthese private securities transactions. The findings stated that ultimately, Dietrichsold $10,831,645 in the purported company's notes to investors, some of whomwere the firm's customers. Dietrich received a total of $260,864 in commissions inconnection with these transactions. Later, the purported company filed a voluntaryChapter 11 bankruptcy petition.

Current Status: Final

Resolution:8�2020 FINRA. All rights reserved. Report about FRANK R. DIETRICH.




https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2018057197801


Resolution: Acceptance, Waiver & Consent(AWC)

Resolution Date: 11/26/2018

Sanctions Ordered:

Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?

No

Bar (Permanent)

If the regulator is the SEC,CFTC, or an SRO, did theaction result in a finding of awillful violation or failure tosupervise?

No

(1) willfully violated anyprovision of the SecuritiesAct of 1933, the SecuritiesExchange Act of 1934, theInvestment Advisers Act of1940, the InvestmentCompany Act of 1940, theCommodity Exchange Act, orany rule or regulation underany of such Acts, or any ofthe rules of the MunicipalSecurities Rulemaking Board,or to have been unable tocomply with any provision ofsuch Act, rule or regulation?

(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or






(2) willfully aided, abetted,counseled, commanded,induced, or procured theviolation by any person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any of suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board? or

(3) failed reasonably tosupervise another personsubject to your supervision,with a view to preventing theviolation by such person ofany provision of theSecurities Act of 1933, theSecurities Exchange Act of1934, the InvestmentAdvisers Act of 1940, theInvestment Company Act of1940, the CommodityExchange Act, or any rule orregulation under any suchActs, or any of the rules ofthe Municipal SecuritiesRulemaking Board?

Capacities Affected: All Capacities

Duration: Indefinite

Start Date: 11/26/2018

End Date:

Sanction 1 of 1

Sanction Type: Bar (Permanent)






Disclosure 2 of 2

i

Reporting Source: Broker

Regulatory Action InitiatedBy:

STATE OF VIRGINIA BUREAU OF INSURANCE

Sanction(s) Sought: Civil and Administrative Penalt(ies) /Fine(s)

Other Sanction(s) Sought: SETTLEMENT AMOUNT OF $5000.00. CEASE AND DESIST ORDER FROMANY CONDUCT WHICH CONSTITUTES A VIOLATION OF VA CODE 38.2-512,38.2-609, 38.2-1804,38.2-1831 OR 14VAC 5-30-40.

Date Initiated: 08/23/2005

Docket/Case Number: INS-2005-00161

Employing firm when activityoccurred which led to theregulatory action:

Product Type: Insurance

Other Product Type(s):

Allegations: THE VIRGINIA BUREAU OF INSURANCE FINED FRANK DIETRICH FORALLEGEDLY VIOLATING THE FOLLOWING VA INSURANCE CODES: 38.2-512MISREPRESENTED INFORMATION ON OR RELATIVE TO AN APPLICATIONFOR THE PURPOSE OF OBTAINING A FEE, 38.2-619 OBTAINED INSURANCEINFORMATION UNDER FALSE PRETENSES, 38.2-1804 HAD INSURED SIGN ABLANK OR IMCOMPLETE FORMS PERTAINING TO INSURANCE, 38.2-1831REMOVED PAGES FROM AN INSURANCE POLICY BEFORE DELIVERING TOINSUREDS, 14VAC5-30-40 FAILED TO SUBMIT REPLACEMENT NOTICES TO ACOMPANY FOR POLICIES THAT WERE BEING REPLACED.

Current Status: Final

Resolution: Settled

Resolution Date: 08/23/2005

Sanctions Ordered:

Other Sanctions Ordered:

Sanction Details: FINE OF $5000.00 PAID 8/2005, ORDER TO CEASE AND DESIST FROM ANYCONDUCT WHICH CONSTITUTES A VIOLATION OF VA CODE 38.2-512,38.2-619,38.2-1804,38.2-1831 AND 14VAC5-30-40.

Broker Statement MR. DIETRICH ACCEPTED THE OFFER, WITHOUT ADMISSION OF ANYVIOLATION OF LAW OR REGULATION, FOR THE PURPOSE OF AVOIDINGTHE EXPENSE OF LITIGATION.

Cease and Desist/InjunctionMonetary/Fine $5,000.00






Broker Statement MR. DIETRICH ACCEPTED THE OFFER, WITHOUT ADMISSION OF ANYVIOLATION OF LAW OR REGULATION, FOR THE PURPOSE OF AVOIDINGTHE EXPENSE OF LITIGATION.






Customer Dispute - Award / Judgment

This type of disclosure event involves a final, consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practiceviolations against the broker that resulted in an arbitration award or civil judgment for the customer.

Disclosure 1 of 1

Reporting Source: Regulator

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

Quest Capital Strategies, Inc.

Frank Roland Dietrich was a subject of the customer's complaint against hismember firm that asserted the following causes of action: violations of federalsecurities laws; violation of the Virginia securities laws; violation of the FloridaSecurities and Investor Protection Act; breach of contract; common law fraud;breach of fiduciary duty; and negligence and gross negligence. The causes ofaction relate to Claimants' investments in promissory notes of the WoodbridgeMortgage Investment Funds 1 and 2.

Product Type: Promissory Note

Alleged Damages: $200,000.00

Arbitration/Reparation Claimfiled with and Docket/CaseNo.:

FINRA - CASE #17-03375

Date Notice/Process Served: 12/14/2017

Arbitration Pending? No

Disposition: Award

Disposition Date: 01/24/2019

Disposition Detail: Frank Roland Dietrich's member firm is liable for and shall pay to Claimants thesum of $235,000.00 in compensatory damages, and the sum of $41,226.46 incosts.

Arbitration Information

iReporting Source: Firm


Allegations:

QUEST CAPITAL STRATEGIES

{Redacted} has never been a customer of Quest Capital (Firm). He purchased a$400000 Woodbridge Mortgage Promissory Note via Frank Dietrich outside scopeof Firm in 2013. Woodbridge filed bankruptcy in 2017. {Redacted} received$200000 return during the course of investment. Quest had no knowledge aboutthis activity and transaction until receiving the arbitration case. Woodbridge in notaffiliated with Quest. {Redacted} filed arbitration against Quest Capital but notFrank Dietrich nor Woodbridge.





https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=17-03375


{Redacted} has never been a customer of Quest Capital (Firm). He purchased a$400000 Woodbridge Mortgage Promissory Note via Frank Dietrich outside scopeof Firm in 2013. Woodbridge filed bankruptcy in 2017. {Redacted} received$200000 return during the course of investment. Quest had no knowledge aboutthis activity and transaction until receiving the arbitration case. Woodbridge in notaffiliated with Quest. {Redacted} filed arbitration against Quest Capital but notFrank Dietrich nor Woodbridge.



Date Complaint Received: 01/10/2018

Complaint Pending? No

Status:

Status Date: 01/24/2019

Settlement Amount: $276,226.46

Individual ContributionAmount:

$0.00

Firm Statement {Redacted} has never been a customer of Quest Capital (Firm). He purchased a$400000 Woodbridge Mortgage Promissory Note via Frank Dietrich outside scopeof Firm in 2013. Woodbridge filed bankruptcy in 2017. {Redacted} received$200000 return during the course of investment. Quest had no knowledge aboutthis activity and transaction until receiving the arbitration case. Woodbridge in notaffiliated with Quest. {Redacted} filed arbitration against Quest Capital but notFrank Dietrich nor Woodbridge.

Customer Complaint Information

Arbitration Award/Monetary Judgment (for claimants/plaintiffs)

Is this an oral complaint? No

Is this a written complaint? No

Is this an arbitration/CFTCreparation or civil litigation?

Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: 17-03375

Filing date ofarbitration/CFTC reparationor civil litigation:

12/10/2017






Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegationsof sale practice violations against the broker that resulted in a monetary settlement to the customer.

Disclosure 1 of 5

Reporting Source: Firm


Allegations:

QUEST CAPITAL STRATEGIES, INC.

CLAIMANT states that she purchased a Woodbridge Mortgage Promissory Notethrough Frank Dietrich in August of 2017, outside of Quest Capital Strategies.Quest Capital Strategies never recommended, approved or offered theWoodbridge Mortgage Promissory Note mentioned in the client complaint. Anysales of said product was done away, without Quest Capital Strategies approval, inviolation of firm policy. Quest Capital does not permit its RegisteredRepresentatives to engage in the sale of any promissory notes by WoodbridgeMortgage or any other company. Quest Capital was not aware of and did notapprove of such activity by Mr. Dietrich. Further, Claimant has never been a clientof Quest Capital.





Status:

Status Date:


Settled


Is this a written complaint? Yes


Yes


FINRA



05/25/2018









$0.00

Firm Statement CLAIMANT HAS NEVER BEEN A CLIENT OF QUEST CAPITAL STRATEGIES.QUEST CAPITAL STRATEGIES NEVER RECOMMENDED, APPROVED, OROFFERED THE WOODBRIDGE PROMISSORY NOTE TO [REDACTED] OR ANYOTHER PERSON. QUEST CAPITAL DOES NOT PERMIT ITS REGISTEREDREPRESENTATIVES TO ENGAGE IN THE SALE OF ANY PROMISSORYNOTES BY WOODBRIDGE OR ANY OTHER COMPANY. ANY SALE OF SAIDPRODUCT WAS DONE AWAY, WITHOUT THE APPROVAL OF QUEST CAPITALSTRATEGIES, AND IN VIOLATION OF FIRM POLICY.

Disclosure 2 of 5

i



Allegations:


CLAIMANT claims that she purchased a Woodbridge Promissory Note andWoodbridge 3a Units through Frank Dietrich in August of 2017, outside of QuestCapital Strategies. Quest Capital Strategies never reviewed, recommended,approved or offered the Woodbridge Promissory Note and Woodbridge 3a Unitsmentioned in the client compliant or any other Woodbridge investment. Any salesof said products were done away, without Quest Capital Strategies approval, inviolation of firm policy. Quest Capital does not permit its RegisteredRepresentatives to engage in the sale of any promissory notes by Woodbridge orany other company. Further, Quest Capital does not permit its RegisteredRepresentatives to engage in the sale of any products by Woodbridge of any kind.Quest Capital was not aware of and did not approve of such activity by Mr.Dietrich.

Product Type: Promissory NoteOther: Unknown Product



Alleged Damages AmountExplanation (if amount notexact):

Not specified in Statement of Claim

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA16�2020 FINRA. All rights reserved. Report about FRANK R. DIETRICH.






Arbitration Pending? No

Disposition: Settled

Disposition Date: 04/16/2019

Monetary CompensationAmount:

$27,500.00

Firm Statement CLIENT STATES THAT SHE PURCHASED A WOODBRIDGE PROMISSORYNOTE AND A WOODBRIDGE INVESTMENT OF AN UNKNOWN TYPETHROUGH FRANK DIETRICH IN FEBRUARY OF 2016. QUEST CAPITALSTRATEGIES NEVER REVIEWED, RECOMMENDED, APPROVED, OROFFERED ANY WOODBRIDGE INVESTMENT. ANY SALES OF SUCHINVESTMENTS WAS DONE AWAY, WITHOUT THE KNOWLEDGE ORAPPROVAL OF QUEST CAPITAL STRATEGIES, AND IN DIRECT VIOLATION OFFIRM POLICY. QUEST CAPITAL DOES NOT PERMIT ITS REGISTEREDREPRESENTATIVES TO ENGAGE IN THE SALE OF ANY PROMISSORYNOTES FROM WOODBRIDGE OR ANY OTHER COMPANY.


$0.00


FINRA


Disclosure 3 of 5

i



Allegations:

WUNDERLICH SECURITIES, INC. AND QUEST CAPITAL STRATEGIES, INC.

[Redacted] purchased $400,000 in Woodbridge promissory notes via FrankDietrich outside the scope of Firm in 2013, 2015, and 2017. Woodbridge is notaffiliated with Firm. Quest has never approved such product and had noknowledge of this activity and transaction.











Status:




$0.00

Firm Statement [Redacted] purchased $400,000 in Woodbridge promissory notes via FrankDietrich outside the scope of Firm in 2013, 2015, and 2017. Woodbridge is notaffiliated with Firm. Quest has never approved such product and had noknowledge of this activity and transaction.


Settled


Claimant Estimated




Yes


FINRA



04/04/2018

Disclosure 4 of 5

i



Allegations:


{Redacted} has never been a customer of Quest Capital (Firm). She purchased a$633880 Mortgage Promissory Note with Woodbridge via Frank Dietrich outsidethe scope of Firm in 2015. Woodbridge is not affiliated with Firm. Quest has neverapproved such product and had no knowledge of this activity and transaction. 18�2020 FINRA. All rights reserved. Report about FRANK R. DIETRICH.





{Redacted} has never been a customer of Quest Capital (Firm). She purchased a$633880 Mortgage Promissory Note with Woodbridge via Frank Dietrich outsidethe scope of Firm in 2015. Woodbridge is not affiliated with Firm. Quest has neverapproved such product and had no knowledge of this activity and transaction.





Status:




$0.00

Firm Statement {Redacted} has never been a customer of Quest Capital (Firm). She purchased a$633880 Mortgage Promissory Note with Woodbridge via Frank Dietrich outsidethe scope of Firm in 2015. Woodbridge is not affiliated with Firm. Quest has neverapproved such product and had no knowledge of this activity and transaction.{Redacted} filed arbitration against Quest but not Frank Dietrich nor Woodbridge.


Settled




Yes


FINRA



02/27/2018

Disclosure 5 of 5

i



Allegations:

WUNDERLICH SECURITIES






Allegations: ALLEGES LOSSES AND POSSIBLE CHURNING. 3/9/2011-2/18/2013

Product Type: Equity-OTCEquity Listed (Common & Preferred Stock)




Status:




$0.00


Settled


FIRM DETERMINED ACTUAL REALIZED LOSSES IN ACCOUNT ARE $58065.CLIENT DOESN'T STATE AN EXACT AMOUNT, ESTIMATES LOSSES AT OVER$100,000.




No

iReporting Source: Broker


Allegations:

WUNDERLICH SECURITIES

ALLEGES LOSSES AND POSSIBLE CHURNING. 3/9/2011-2/18/2013

Product Type: Equity-OTCEquity Listed (Common & Preferred Stock)



FIRM DETERMINED ACTUAL REALIZED LOSSES IN ACCOUNT ARE $58065.CLIENT DOESN'T STATE AN EXACT AMOUNT, ESTIMATES LOSSES AT OVER$100,000.









Status:




$36,000.00

Broker Statement [CUSTOMER] ACCUSED ME OF CHURNING HIS ACCOUNT. THIS WASUNTRUE AND I WAS NOT EVEN PAID ON TRANSACTIONS, SO I HAD NOINCENTIVE TO DO SO. HOWEVER, [CUSTOMER] IS A NICE, OLDERGENTLEMAN, AND AFTER HE ACKNOWLEDGED THAT I HAD NOT DONEWHAT HE ACCUSED ME OF DOING (HE HAD TWO LAWYERS HE HIREDEXPLAIN THIS TO HIM), I DECIDED THAT IT WOULD BE BETTER TO PAY HIMWHAT HE BELIEVED HE LOST. (ESSENTIALLY, A LOSS IN MARKET VALUEBECAUSE OF THE VOLATILE MARKET) AND LET BOTH OF US GO ON OURWAYS.

UPDATE: [CUSTOMER] HAD MADE CLAIMS AGAINST MYSELF ANDWUNDERLICH SECURITIES. EACH SETTLED SEPARATELY. I REPORTED MYSETTLEMENT, WUNDERLICH REPORTED THEIR SETTLEMENT. THIS WASDUE IN PART TO MY NO LONGER BEING WITH WUNDERLICH VOLUNTARILY.INITIALLY [CUSTOMER] THOUGHT HIS LOSSES WERE APPROXIMATELY$100K, WUNDERLICH NOTED TO THAT HIS REALIZED LOSSES WERE IN THERANGE OF $58K. AFTER FURTHER REVIEW BY HIS COUNSEL IT WASDETERMINED THAT HIS LOSSES WERE LESS THAN BOTH FIGURES SO WECOMPROMISED ON THE FIGURE OF $50K.


Settled




No






Customer Dispute - Pending

This type of disclosure event involves (1) a pending consumer-initiated, investment-related arbitration or civil suit that contains allegations of salespractice violations against the broker; or (2) a pending, consumer-initiated, investment-related written complaint containing allegations that thebroker engaged in, sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, orconversion of funds or securities.

Disclosure 1 of 3



Allegations:


Claimant alleges misrepresentation and omissions, violation of NV Securities Act,deceptive trade practices, breach of fiduciary duty and negligence related to thesale of a Woodbridge promissory note that was not approved by the Firm.




Arbitration Pending? Yes

Firm Statement Quest Capital Strategies does not permit its representatives to engage in anypromissory notes.



FINRA


Disclosure 2 of 3

i



Allegations:


Client states that she purchased a Woodbridge Wealth Promissory Note throughFrank Dietrich in January of 2017, outside of Quest Capital Strategies. QuestCapital Strategies never recommended, approved or offered the WoodbridgeWealth Promissory Note mentioned in the client compliant. Any sales of saidproduct was done away, without Quest Capital Strategies approval, in violation offirm policy. Quest Capital does not permit its Registered Representatives toengage in the sale of any promissory notes by Woodbridge Wealth or any othercompany. Quest Capital was not aware of and did not approve of such activity byMr. Dietrich.





www.finra.org/brokercheck User GuidanceClient states that she purchased a Woodbridge Wealth Promissory Note throughFrank Dietrich in January of 2017, outside of Quest Capital Strategies. QuestCapital Strategies never recommended, approved or offered the WoodbridgeWealth Promissory Note mentioned in the client compliant. Any sales of saidproduct was done away, without Quest Capital Strategies approval, in violation offirm policy. Quest Capital does not permit its Registered Representatives toengage in the sale of any promissory notes by Woodbridge Wealth or any othercompany. Quest Capital was not aware of and did not approve of such activity byMr. Dietrich.




Complaint Pending? Yes

Settlement Amount:


Firm Statement Client states that she purchased a Woodbridge Wealth Promissory Note throughFrank Dietrich, outside of Quest Capital Strategies. Quest Capital Strategies neverrecommended, approved or offered the Woodbridge Wealth Promissory Notementioned in the client compliant. Any sales of said product was done away,without Quest Capital Strategies approval, in violation of firm policy. Quest Capitaldoes not permit its Registered Representatives to engage in the sale of anypromissory notes by Woodbridge Wealth or any other company. Quest Capital wasnot aware of and did not approve of such activity by Mr. Dietrich.





No

Disclosure 3 of 3

i



Allegations:


{Redacted} has never been a customer of Quest Capital (Firm). He boughtMortgage Promissory Note via Frank Dietrich outside the scope of Firm. Quest hadno knowledge about this activity and transaction.











Status:


Settlement Amount:



Arbitration Pending? Yes

Firm Statement {Redacted} has never been a customer of Quest Capital (Firm). She purchased$264000 Mortgage Promissory Note with Woodbridge via Frank Dietrich outsidethe scope of Firm in 2015. Woodbridge filed bankruptcy in 2017. Quest had noknowledge about this activity and transaction until receiving the arbitration case.Woodbridge in not affiliated with Quest. {Redacted} filed arbitration against QuestCapital and Frank Dietrich but not Woodbridge.



Evolved into Arbitration/CFTC reparation (the individual is a named party)




Yes


FINRA



02/21/2018


FINRA







Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permitted to resign after beingaccused of (1) violating investment-related statutes, regulations, rules or industry standards of conduct; (2) fraud or the wrongful taking ofproperty; or (3) failure to supervise in connection with investment-related statutes, regulations, rules, or industry standards of conduct.

Disclosure 1 of 1


Employer Name: QUEST CAPITAL STRATEGIES, INC

Termination Type: Permitted to Resign

Termination Date: 03/31/2018

Allegations: Failure to fully disclose outside business activities and sale of unapproved product.


Firm Statement Representative sold Woodbridge Mortgage Promissory note to public investor (butnot Quest Capital's clients) without disclosing to firm and without receiving writtencompliance approval. Products in question are also not firm approved products.






End of Report

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Documents

FRANK ROLAND DIETRICH · choice property mgmt, llc - investment related. 7051 brookfield plaza #6315, springfield, va 22150. nature of business: real estate property management and