David A Lavine-Former UBS Broker- Discloses Customer Dispute-Houston

David A Lavine-Former UBS Broker- Discloses Customer Dispute-Houston

David A Lavine-Former UBS Broker- Discloses Customer Dispute-Houston 150 150 Rex Securities Law

August 2021 

According to publicly available records David Alan Levine (CRD#4895654) ,  a  former stockbroker  who last worked for UBS Financial discloses 2 prior regulatory events, 2 prior customer disputes, a termination from employment and an outstanding judgment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 1/2015, Levine was permanently barred by FINRA to resolve allegations that he failed to provide documents and information during the course of a FINRA investigation related to the sale of unapproved private securities.

In October 2016 a customer of UBS Financial was paid $30,157 to settle a claim that their account had be traded without authority by David A. Lavine between 3/2013-1/2015.

FINRA records indicate that Levine was registered with UBS Financial in Houston, Texas from 10/2011-10/2014. Lavine resigned from UBS while under review for soliciting prospective and current UBS clients to invest in private investments outside the firm.

If you had an account with David Lavine that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

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.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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