Colorado Broker Daniel Todd Levine Barred by FINRA
The Financial Industry Regulatory Authority (FINRA) has permanently barred former Colorado broker Daniel Todd Levine (CRD# 2874319) after he was terminated from Morgan Stanley amidst claims that he engaged in unapproved outside business activity.
Levine worked with Morgan Stanley in Greenwood Village, Colorado from 2013 to 2018, as well as other Denver area brokerage firms, including First Financial Equity Corp., which discharged Levine in August of 2018 for failing to disclose his past regulatory inquiries.
In July 2018, a customer complained that her signature on documents was copied by Levine from previous document she signed. Morgan Stanley denied the claim, but a month later, Levine “voluntarily resigned” from Morgan Stanley.
On January 8, 2019, Levine formally consented to the sanction and to findings that he failed to furnish requested documentation relating to the underlying investigation, despite having been granted multiple extensions, acknowledging he received said requests, and providing partial and incomplete information.
Ultimately, a resolution was reached through Levine’s signature of an Acceptance, Waiver, and Consent (AWC) letter. The AWC means that while Levine does not confirm or deny engaging in outside business dealings, he has accepted FINRA’s findings and the permanent bar.
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