August 2021- Greenwood Village, CO
According to publicly available records, Daniel Todd Levine broker previously employed with Morgan Stanley discloses 3 prior regulatory events, 2 pending customer disputes and 2 terminations from employment.
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 September of 2019, the United States Securities and Exchange Commission permanently barred Levine.
In March of 2019, Colorado Division of Securities filed case #2019-CDS-003 alleging that Levine participated in an investment scheme that offered significant returns to investors through an over-the-counter sale of discounted bitcoin effectuated by Levine’s brother and an alleged large bitcoin holder in Europe. The bitcoin opportunity was offered to brokerage clients, investment advisory clients and others. Levine failed to disclose to investors that his brother had a criminal history and had been living outside the United States, as a fugitive, since at least 2005. Levine was permanently barred and will never reapply for a securities license in Colorado or otherwise make recommendations, render advice to clients regarding securities, manage securities accounts, effect purchases or sales of securities, act for a securities issuer, or enter into or offer to enter into commodities contracts.
In January 2019, FINRA permanently barred Levine, Case # 2018059595201. Without admitting or denying the findings, Levine consented to the sanctions and to the entry of findings that he failed to provide FIRNA with requested documents and information in connection with its investigation into allegations that he engaged in undisclosed outside business activities, solicited a senior firm customer to borrow funds for an outside business activity and executed unauthorized trades, among other alleged conduct.
In February of 2021, a customer of Morgan Stanley filed FINRA case #21-00295 alleging unsuitable equity trading and selling away and is seeking damages of $100,000. The case is pending.
In September of 2019, a Morgan Stanley Smith Barney customer alleged that Levine solicited outside investment opportunities not authorized by the firm and is seeking damages of $250,000. This case is still pending.
In August of 2018, Levine was discharged from First Financial Equity Corporation for failing to disclose a regulatory inquiry to the firm.
In July of 2018, Levine was allowed to voluntarily resign from Morgan Stanley Smith Barney after allegations concerning activities related to possible, unapproved outside business activity.
If you have losses in an account handled by Daniel Todd Levine, call to learn how you may be able to recover damages through FINRA arbitration.
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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