August 7, 2015- Dallas, Texas
Daniel Levin entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between December 2013 and April 2014, Levin hosted a weekly radio show during which he made statements that were unbalanced, promissory, misleading and/or lacked reasonable basis.
According to the FINRA complaint Levin’s show ‘Investment Talk” were pre-recorded then broadcast at a later time and date. Although he solicited listeners to call he did not take live calls. FINRA found that he made the following statements that violated FINRA Rules because they lacked a sound basis, or failed to be fair and balanced:
- “50% of Americans will have to work for the rest of their lives”
- stock market is due for a 30% correction
- “stocks will go down 40%, bonds will go down 10%”
- “you may be able to leave your kids more money than you invested although you took money our for 25 years”
- “Put in $1,000 per month over 15 years, get $40,000 tax-free income and a $500,000 death benefit”
AWC No. 2014040335101
Levin was fined $25,000 and suspended for six months, He was also required to retake and pass the Series 7 securities exam.
According to FINRA records, Levin was registered with Titan Securities from 1/2014-8/2014. Prior to that she was registered with Berthel Fisher & Company from 6/2012-9/2012. Prior to that he was registered with Milkie/Ferguson Investments . He is not currently registered.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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