Daniel Levine, Formerly of Morgan Stanley, Barred by FINRA After Failing to Provide Requested Information

Levine was also barred by the SEC from associating with any broker-dealer or investment adviser in Colorado.

Daniel Levine (CRD#: 2874319) was registered as a broker with First Financial Equity in Greenwood Village, CO, from July 2018 until August 2018. Previously, Levine was registered as a broker with Morgan Stanley in Greenwood Village, CO, from June 2013 until August 2018.

Levine has seven disclosures on his BrokerCheck report. One customer dispute was closed with no action taken.

September 2019 Regulatory Judgment

• Status: Final
• Initiated By: United States Securities and Exchange Commission
• Allegations: SEC Admin Release 34-86962; IA 40-5342, September 13, 2019: The SEC deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940 against Daniel T. Levine. In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings and the findings contained herein, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions. On the basis of this Order and Respondent’s Offer, the Commission finds that on March 5, 2019, the Colorado Securities Commissioner, in In the Matter of Daniel T. Levine, Consent Order No. 2019-CDS-003, entered a final order against Levine permanently revoking his sales representative and investment adviser representative licenses, which bars Levine from associating with any broker-dealer or investment adviser in Colorado.
• Resolution: Order
• Sanctions: Bar
• Registration Capacities Affected: Any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent, or NRSRO
• Duration: Indefinite
• Start Date: 9/13/2019
• Registration Capacities Affected: Penny Stock
• Duration: Indefinite
• Start Date: 9/13/019

September 2019 Customer Dispute

• Status: Pending
• Allegations: Client’s attorney alleged, inter alia, FA solicited outside investment opportunity not authorized by the firm – June 2018 thru December 2018.
• Damage Amount Requested: $250,000.00

March 2019 Regulatory Judgment

• Status: Final
• Initiated By: Colorado Division of Securities
• Allegations: The Colorado Division of Securities alleged that Daniel T. 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 of the United States, as a fugitive, since at least 2005. Levine did not admit or deny any of the allegations contained in the Stipulation or Consent Order.
• Resolution: Stipulation and Consent Order
• Sanctions: Bar
• Registration Capacities Affected: All
• Duration: Permanent
• Duration Explanation: Permanent
• Start Date: 3/5/2019
• Sanctions: Levine is 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.

January 2019 Regulatory Judgment

• Status: Final
• Initiated By: FINRA
• Allegations: Without admitting or denying the findings, Levine consented to the sanction and to the entry of findings that he failed to provide FINRA 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.
• Resolution: Acceptance, Waiver & Consent (AWC)
• Sanctions: Bar
• Registration Capacities Affected: All Capacities
• Duration: Indefinite
• Start Date: 1/8/2019

August 2018 Employment Separation After Allegations

• Firm Name: First Financial Equity Corporation
• Termination Type: Discharged
• Allegations: Failure to disclose a regulatory inquiry to the firm.

August 2018 Employment Separation After Allegations

• Firm Name: MSWM
• Termination Type: Voluntary Resignation
• Allegations: Allegations concerning activities by the representative related to possible, unapproved outside activity.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Daniel Levine. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.