David Loesch: $179K Complaint Against DRL Group Advisor

Katy, Texas financial advisor David Loesch (CRD# 2380024) allegedly failed to explain the use of margin, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with NewEdge Securities and the owner of The DRL Group.

Mr. Loesch’s BrokerCheck report discloses one investor complaint. Filed in April 2025, it alleges that as a representative of NewEdge Securities, he did not explain “the use of margin to purchase municipal bonds,” and that such use “should have been discontinued when interest rates began to rise in 2022.” The pending complaint alleges damages of $179,000.

The DRL Group’s website includes a profile of Mr. Loesch that describes his experience and services as the firm’s owner and principal. “David specializes in fixed-income trading in all areas of the bond market,” it explains. “David tailors his trading style to meet each individualized account, ensuring investment objectives are met. His trading ‘philosophy’ recognizes that all clients have varying risk tolerances and beliefs. He aligns those parameters to personally build fixed-income portfolios uniquely specific to the client’s objectives.”

According to the Financial Industry Regulatory Authority, David Loesch holds 31 years of securities industry experience. Based in Katy, Texas, he has been registered as a broker with NewEdge Securities since 2017. His registration history includes WFG Investments (Katy, Texas; 2001-2017), First Allied Securities (San Diego, California; 2000-2001), and DE Frey & Company (Denver, Colorado; 1993-2000). His credentials include the passage of five securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Municipal Securities Representative Examination, or Series 52TO; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 37 state licenses. (Information current as of April 19, 2025.)

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