Previously registered broker Daniel Levine, also known as Daniel Todd Levine, has seevral customer disputes reported on his FINRA Brokercheck page, under review by investor rights attorney Alan Rosca of the Rosca Scarlato LLC Law firm (“RS”).
Investor rights attorney Alan Rosca and his colleagues at RS are investigating conduct related to Daniel Levine’s pending customer disputes alleging unsuitability and selling away. Investors who are concerned about their investments with Levine may to reach out to attorney Rosca for a free case evaluation and discussion of potential options, or to provide any useful information. Interested Levine investors may call 888-998-9530, send an email to arosca@rscounsel.law, or complete the contact form on this webpage
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Customers Filed Complaints Involving Levine
In July 2021, a customer alleged unsuitability, among others, and requested unspecified damages.
Another customer filed a dispute in February 2021 alleging unsuitable equity trading and selling away. The customer was requesting $100,000 for the alleged damages.
Similarly, another customer filed a dispute involving broker Daniel Levine in September 2019 alleging unauthorized outside investment opportunity solicitations. The customer is requesting $250,000 for the alleged damages, as reported on his FINRA Brokercheck page.
The SEC Barred Daniel Levine in September 2019
In September 2019, the SEC issued an Order barring Daniel Levine from associating with any investment adviser, broker, municipal securities dealer, municipal adviser, transfer agent, or NRSRO.
The Order is allegedly in connection to a Colorado Securities Regulator’s bar filed against former broker Daniel Todd Levine in February 2019.
The Colorado Division of Securities Barred Daniel Levine in February 2019
Levine allegedly participated in an investment scheme that offered significant returns to investors through over-the-counter sale of discounted bitcoin with an alleged large bitcoin holder in Europe and his brother, according to a regulatory action on Levine’s Brokercheck page.
Furthermore, broker Daniel Levine allegedly failed to inform his investors that his brother had a criminal history and that he lived outside the United States as a fugitive since approximately 2005, as alleged in the Order.
As a result of his alleged broker misconduct, he was permanently barred and may never reapply for a securities license in Colorado. Investors who are concerned they suffered a loss with Levine may contact attorney Alan Rosca for a free case evaluation by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Broker Daniel Todd Levine Was Barred by FINRA in January 2019
According to FINRA’s Letter of Acceptance, Waiver and Consent (AWC), Levine allegedly failed to provide FINRA with requested documents and information in connection with their investigation. FINRA’s investigation was in connection to allegations that broker Daniel Levine engaged in undisclosed outside business activities, solicited a customer to borrow funds for an outside business activity, and executed unauthorized trades, among others.
As a result of his alleged broker misconduct, he was barred by FINRA. Daniel Todd Levine signed the AWC accepting and consenting to FINRA’s findings, without admitting or denying the findings, and solely for the purposes of the proceeding brought by or on behalf of FINRA, prior to a hearing and without an adjudication of any issue of law or fact.
Daniel Levine Was Registered with FINRA for 21 Years
Levine joined the securities industry in 1997 and switch employer fives times, according to his FINRA Brokercheck page.
He was previously registered with First Financial Equity Corporation located in Greenwood Village, Colorado from July 2018 until August 2018. Broker Daniel Levine was allegedly discharged from the firm in August 2018 on allegations of failure to disclose a regulatory inquiry to the firm.
He was also employed with Morgan Stanley located in Greenwood Village, Colorado from June 2013 until August 2018. Levine allegedly voluntarily resigned from the firm on allegations related to a possible, unapproved outside activity.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Potential Options for Daniel Levine Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and we are currently investigating broker Daniel Levine’s reported customer disputes alleging unsuitability and selling away.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, we only get paid for fees and costs out of money we recover for clients. Attorney Alan Rosca, securities lawyer and adjunct professor of securities regulation has represented thousands of investors who experienced losses from financial misconduct, including at the hands of their brokers, across the county and around the world in cases ranging from arbitrations to class actions.
Daniel Levine investors who are concerned about potential losses caused by unsuitability or selling away, may contact attorney Alan Rosca for a free case evaluation by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this page.
