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Written by 4:23 pm Blog, Current Investigations

Hugh W. Levey Barred from Securities Industry

The Barring of Hugh W. Levey

According to FINRA, Hugh W. Levey (CRD#: 1472230) has been permanently barred from the securities industry.

Without admitting or denying the findings, Levey consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony as requested by FINRA in connection with an investigation into potential misuse of funds.

According to his FINRA BrokerCheck, Levey was registered with SOURCE CAPITAL GROUP, INC. (CRD#:36719) in New York, New York from 03/06/2012 – 12/02/2016. He has two disclosures listed.

For FINRA’s full findings see FINRA case #2016051355401.

Brokerage firms have a responsibility to monitor their brokers and ensure that investments recommendations are in the clients’ best interest. When brokers make unsuitable investment recommendations, the firm they work for can be held liable for failure to supervise and responsible for investment losses.

Recovery of Investment Losses

If you invested with Hugh Levey and have concerns about your investments, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to the representation of investors in FINRA arbitration claims against brokerage firms throughout the United States.

To learn more about The White Law Group, visit www.WhiteSecuritesLaw.com.


Tags: , , , , , , , Last modified: March 25, 2019