David Levy, of Titus Rockefeller, LLC, Permanently Barred from Broker Activity After Long Career of Suspicious Activity

Financial broker finally barred from FINRA activity after decades of questionable behavior.

After a career plagued by multiple and repeated allegations of breaches of fiduciary duty and unauthorized trading dating back to 1994, David Levy has been permanently barred by FINRA for acting as a broker in any capacity. These final sanctions come as a result of failure to provide FINRA required information; specifically, he did not request termination of his most recent suspension within three months of the date of the suspension. He was permanently barred from all broker activities, effective September 29, 2015.

FINRA’s final action against Levy comes after more than 20 years of serious allegations against him, including churning, misrepresentation, and breach of fiduciary duty. Multiple client disputes total nearly $2 million, however, many of the companies he was affiliated with at the time of the specific allegations settled with clients for much less.

The most recent allegations against Levy came in July 2014, claiming that he was guilty of churning client accounts, which occurs when a broker excessive trades within a client’s account, in large part to generate commissions for the broker. Churning is an illegal and unethical practice that violates SEC rules and our country’s securities laws. Later in 2014, he was accused of profiting by $60,000 using this churning technique.

David Levy was most recently registered with Titus Rockefeller, LLC in Wellington, FL from January 2013 until March 2015. He was registered with IFS Securities of Atlanta, GA for six months in 2013, after being with Newport Coast Securities Inc. of West Palm Beach, FL between July 2008 and August 2012. From the beginning of his career in 1992 until his time with Newport Coast in 2008, he was registered with eight different securities companies located in Florida and New York.

If you think that you have been taken advantage of by David Levy or another financial broker who has acted against your wishes, misrepresented themselves, or performed excessive trading with funds in your account, you may be able to recover some of your losses.

Silver Law Group represents clients all over the country who have suffered loss at the hands of their financial advisor or investment broker. Our expert legal team has been fighting for the average financial consumer for more than 20 years and has recovered tens of millions of dollars in lost investments.

Silver Law Group offers free consultations where we will review your case and determine if legal action is appropriate. Our firm operates on a contingency fee basis; if your case does not result in recovery of funds, we do not get paid. It’s that simple. Contact us today and review your case with one of our experienced securities arbitration attorneys.