Advisor Alert: Our Attorneys Are Investigating David Lee Frolichstein For Investment Fraud
Did You Lose Money Because of David Frolichstein?
Filed: March 19, 2024
David Frolichstein (also known as Dave Frohlichstein, Dave Frolicstein, David Frolicstein) has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Lee Frolichstein.
Who Is David Lee Frolichstein of Ausdal Financial Partners, Inc.?
- Advisor Name: David Lee Frolichstein
- Aliases: Dave Frohlichstein, Dave Frolicstein, David Frolicstein
- CRD: 1582362
- Location: St. Charles, Illinois
- Current Employer: Ausdal Financial Partners, Inc.
- Previous Firms: Waterstone Financial Group, Inc. and Heritage Capital Management Inc
- Number of Known Customer Complaints: 1
- Can David Frolichstein Be Sued: Yes, in Private Arbitration
- Can David Frolichstein’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: $14,750
If you have suffered investment losses by David Frolichstein, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David Frolichstein For Broker Misconduct
As of this publication date, David Frolichstein has been the subject of 1 customer dispute. Let’s review it below.
In October 2022, a FINRA arbitration was filed against or in reference to David Frolichstein by a customer of Ausdal Financial Partners, Inc. alleging breach of fiduciary duty and failure to supervise. Per the customer, he/she lost over $50,000 because of Mr. Frolichstein’s actions. On August 14, 2023, Mr. Frolichstein settled the claim for $14,750, and some or all of this amount may have been paid by Mr. Frolichstein’s employer and/or insurance carrier.
How To File A Claim Against David Frolichstein of Ausdal Financial Partners, Inc. (previously with Waterstone Financial Group, Inc. and Heritage Capital Management Inc) To Get Your Money Back
If you have questions about David Frolichstein, Ausdal Financial Partners, Inc., Waterstone Financial Group, Inc., Heritage Capital Management Inc, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.