Matthew Joel Levitt of Redlands, CA, a former direct participation programs representative with Equinox Securities, Inc., was barred from association with any FINRA registered firm in all capacities after Levitt failed to cooperate with a FINRA investigation concerning Levitt’s offered and sale of securities while employed with Equinox in violation of NASD, FINRA, and federal securities laws. FINRA Letter of Acceptance, Waiver and Consent No. 2014038991401 (July 30, 2015).
FINRA Acceptance, Waiver and Consent
According to the Acceptance, Waiver and Consent (“AWC”), FINRA staff requested that Levitt appear for an on-the-record interview (“OTR”) on April 6, 2015, in connection with FINRA’s investigation into the offer and sale of a certain type of securities from April 2013 – August 2013. Levitt was employed with Equinox from March 12, 2013 – November 15, 2013. The AWC indicated that on April 28, 2015, Levitt communicated to FINRA his refusal to appear and provide the requested testimony.
FINRA registered representatives like Levitt who do not cooperate with FINRA’s investigations often face a permanent bar from practicing in the securities industry as such lack of cooperation violates FINRA’s Rule 8210 – requiring that no member or person shall fail to provide information or testimony or permit an inspection and copying of books, records, or accounts pursuant to the rule. FINRA typically accompanies a Rule 8210 violation with a Rule 2010 violation when individuals, according to FINRA, do not appear to observe high standards for commercial honor and just and equitable principles of trade.
Guiliano Law Group
Investors suffering losses or damages caused by Levitt and Equinox in connection with his aforementioned conduct may be able to recover their investment losses. Our practice is limited to the representation of investors in claims, for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.
