FINRA Bars Gregory LeVine For Failure To Respond

FINRA has barred former registered broker Gregory Alan LeVine (CRD #2401300) indefinitely on 04/09/2018, after he failed to respond to a request for information. LeVine is currently not registered with any FINRA member. His last employer was First Allied Advisory Services, (CRD #32444) of Fort Lauderdale, FL, where he is listed as currently employed, but not registered.

LeVine’s previous employers include:

Commonwealth Financial Network, (CRD #8032) of Fort Lauderdale, FL, from 05/22/2009 to 07/16/2012
Morgan Stanley & CO. Incorporated, (CRD #8209) of Fort Lauderdale, FL, from 04/02/2007 to 05/26/2009
Morgan Stanley DW Inc. (CRD #7556) of Fort Lauderdale, FL, from 08/20/2003 to 04/02/2007
Wachovia Securities, Inc., (CRD #19616) of St. Louis, MO., from 07/01/2003 to 08/20/2003
Prudential Securities Incorporated (CRD #7471), from 11/02/1993 to 07/01/2003

Prior to his suspension, there are six additional disclosures in LeVine’s record:

On 3/5/2018, a customer filed a dispute that she loaned LeVine money for an “outside investment” in December 2016. The firm was unaware of this loan and did not pre-approve loans to this customer. The client requested damages of $14,400, and the case was settled for the same amount.
A customer filed a dispute on 11/29/2017 alleging that he loaned LeVine money, but LeVine failed to repay it. The loan was not approved by the firm. The client requested damages of $21,000; the firm settled for $18,000.
A customer filed a dispute on 11/15/2017 alleging that she loaned LeVine money, but he did not repay it. The loan was not approved by the firm. The client requested damages of $23,000; the firm settled for $23,000.
A customer filed a dispute on 10/13/2017 alleging that she made investments with LeVine outside of the firm, and that the money was never returned. The client requested damages of $155,000, and the firm settled for $155,000.
On 06/21/2017, First Allied Securities discharged LeVine citing his violation of firm policy, “by engaging in an alleged unapproved private securities transaction and failed to report a customer complaint alleging a trade was not authorized.”
A customer filed a dispute on 6/03/2015 alleging LeVine overcharged him for commissions for his brokerage account, and that his closed-end mutual fund and REIT purchased were not suitable. The client requested damages of $8,310.14, and the firm settled for $2,589.74.

Have you invested money with Gregory Alan LeVine?

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