Written by The White Law Group• May 25, 2019• 7:03 pm• Blog, Current Investigations

Gregory Alan Levine | Broker Investigation

Gregory Alan Levine (Greg Alan Levine) – First Allied Securities – Fort Lauderdale, FL

Have you suffered investment losses with former financial advisor Gregory Alan Levine in Fort Lauderdale, FL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), Gregory Alan Levine was reportedly suspended from the securities industry after his member firm, First Allied Securities, discharged him for allegedly violating “firm policy by engaging in an alleged unapproved private securities transaction and failed to report a customer complaint alleging a trade was not authorized.”

Because Levine reportedly failed to request termination of his suspension within three months of the date of the Notice of Suspension, he is automatically barred from association with any FINRA member in any capacity, according to FINRA.

According to his FINRA BrokerCheck report, Levine was allegedly registered with First Allied Securities from July 2012 until July 2017. He reportedly has ten customer lawsuits filed against him since 2015. Nine of the complaints have reportedly been settled, while one is still pending. Allegations include taking loans from clients, and outside investments, among others.

According to his FINRA BrokerReport, Levine is the owner of Rockit Artists and involved in the insurance business through MBM Capital Management.

Investigating Potential Lawsuits

The White Law Group is investigating potential claims involving Levine and the liability his former employers may have for failure to properly supervise him.

Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois.

We represent investors in FINRA arbitration claims in all 50 states, including Florida. Our attorneys have recovered millions of dollars from many brokerage firms in the past.