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 which was settled for $8,500.00 in damages based upon allegations of unsuitable trading and private securities transactions by Levine while he was employed by Morgan Stanley. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00295 (January 31, 2022).
Three additional customer initiated investment related disputes are reported on FINRA Public Disclosure concerning accusations of Levine’s conduct while employed by Morgan Stanley. On July 9, 2018, a customer filed an investment related complaint involving Levine’s activities in which the customer alleged damages in relation to a variable annuity. The complaint alleges that the customer’s signature had been reused for the variable annuity transaction through Levine at Morgan Stanley Smith Barney.
Another customer filed an investment related complaint regarding Levine’s conduct on September 13, 2019, where the customer sought $250,000.00 in damages founded on allegations of an outside investment opportunity Levine solicited in 2018 when associated with Morgan Stanley.
Levine is referenced in a customer initiated investment related FINRA securities arbitration claim on July 30, 2021, in which the customer requested compensatory damages relating to a private placement and liquidity access line through Levine. FINRA Arbitration No. 21-01865. The claim alleges that Levine sold an unsuitable private placement.
Levine has been barred by FINRA, Colorado Division of Securities, and most recently United States Securities and Exchange Commission. Levine was barred by SEC from being a stockbroker or investment adviser representative based upon allegations of Levine causing investor losses through a bitcoin scheme. Administrative Proceeding File No. 3-19445 (September 13, 2019).
According to the Colorado Division of Securities Order filed on March 3, 2019, Levine caused investment advisory customers and brokerage customers to invest in a bitcoin strategy. The customers were led to believe that they would earn substantial returns through OTC sales of bitcoin through a large European bitcoin holder as well as Levine’s brother. The customers were allegedly not made aware of Levine’s brother being a fugitive of the United States since 2005.
The Colorado regulator alleged that Levine’s brother made off with $1,500,000.00 he obtained from investors. Levine was also accused of failing to tell investors about the risks relating to bitcoin transfers and failing to tell his employers about his outside business activities.
Levine’s stockbroker and investment adviser representative licenses were revoked by Colorado Securities Commissioner, and SEC barred him because of Colorado’s Order.
Levine has also been barred from associating with any FINRA member in any capacity founded on findings that he obstructed a FINRA investigation into allegations of his unauthorized trading and outside business activities. Letter of Acceptance, Waiver, and Consent No. 2018059393201 (January 8, 2019). According to the AWC, Levine failed to provide information and documents to the regulator as required in the investigation. Levine’s lawyer relayed that Levine would not cooperate in the investigation. FINRA found that Levine violated FINRA Rules 2010 and 8210.
Levine was associated with Morgan Stanley between June 7, 2013, and August 2, 2018.