Daniel Todd Levine, of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations that they were placed into unsuitable “private placements” during the time that Levine was registered with Morgan Stanley Smith Barney. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01865 (July 30, 2021).
FINRA Public Disclosure shows that Levine has been identified in three additional customer initiated investment related disputes containing accusations of his sales practice violations while employed by Morgan Stanley Smith Barney. On July 9, 2018, a customer filed an investment related complaint concerning Levine’s activities. They requested compensatory damages founded on allegations of Levine’s misuse of their signature on variable annuity documents when he was associated with Morgan Stanley Smith Barney.
Levine is also referenced in a customer initiated investment related written complaint on September 13, 2019. The customer sought $250,000.00 in damages based upon accusations that they had been solicited for stock transactions between June of 2018 and December of 2018, resulting in damages. According to the complaint, the investments purchased by the customer because of Levine were not offered by Morgan Stanley Smith Barney.
On February 4, 2021, a different customer filed an investment related FINRA securities arbitration claim involving Levine’s conduct. They requested $100,000.00 in damages based upon allegations of unsuitable trading of stocks by Levine while he was associated with Morgan Stanley Smith Barney. FINRA Arbitration No. 21-00295. The claim alleges that Levine was selling away from the securities broker dealer. The customer allegedly sustained damages on over-the-counter equities and direct investment products, including DPPs and LPs.
FINRA Public Disclosure also shows that Levine has been sanctioned by three regulators for wrongdoing. Levine is barred from associating with any FINRA member in any capacity founded on findings that he failed to cooperate with an investigation into accusations of his outside business activities, unauthorized trading, and solicitation of a customer’s funds. Letter of Acceptance Waiver and Consent No. 2018059393201 (January 8, 2019).
Levine was barred by Colorado Division of Securities based upon a Stipulation and Consent Order containing findings of his involvement in a bitcoin scheme. Case No. 2019-CDS-003 (March 5, 2019). The Division found that Levine took part in a scheme where investors were led to believe that they would make profits from over-the-counter bitcoin sales through Levine’s brother. The Division states that investment advisory customers and brokerage customers were among those solicited for this scheme. Investors were unaware that Levine’s brother, who had a criminal history, absconded from the United States.
Levine was also barred by Securities and Exchange Commission (SEC) based on Colorado’s revocation of Levine’s investment adviser representative and stockbroker licenses. Case No. 3-19445 (September 13, 2019).
Levine was registered with Morgan Stanley between June 7, 2013, and August 2, 2018, and registered with First Financial Equity Corporation between July 5, 2018, and August 7, 2018.
