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DID GREGORY ALAN LEVINE CAUSE YOU INVESTMENT LOSSES?

Gregory Levine Formerly With First Allied Securities Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Gregory Levine formerly with First Allied Securities?

Gregory Levine (CRD #2401300) who was formerly registered with First Allied Securities and located in Fort Lauderdale, Florida is a subject of one of our many securities industry sales practice abuse investigations.

Gregory Levine has also been the subject of a FINRA investigation and when he failed to respond to the FINRA request for information, he was suspended and then later permanently barred from any association with any member firm in any capacity.

Gregory Levine Customer Complaints

Gregory Levine has been the subject of 10 customer complaints that we know about. Nine of Gregory Levine’s 10 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against First Allied Securities for investment losses caused by Gregory Levine’s alleged misconduct.

Allegations Against Gregory Levine

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Client alleged she made a loan to Gregory Levine that was not repaid; firm did not approve any such loan.
  • Client alleged that Gregory Levine overcharged him for commissions on his brokerage account and that his closed end mutual fund and REIT purchased were not suitable.
  • Client alleged that Gregory Levine obtained a personal loan from client in the sum of $25,000.
  • Client alleged that registered representative Gregory Levine obtained a personal loan from client in the sum of $25,000.
  • Client alleged that Gregory Levine obtained a personal loan from client in the sum of $50,000.
  • Client alleged that she loaned money to Gregory Levine for an outside investment; firm did not have knowledge of or pre-approve any loans to this customer.
  • Client alleged that she made investments outside the Firm directly with Gregory Levine, and that the money has not been returned.
  • Client alleged Gregory Levine obtained a loan from client in the amount of $210,000.
  • Customer alleged that he loaned Gregory Levine money; firm did not have knowledge of or pre-approve any loans to this customer.

Gregory Levine Red Flags & Your Rights As An Investor

Of course, Gregory Levine did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gregory Levine at First Allied Securities on alert to review carefully the activity and performance of their accounts and question whether Gregory Levine has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at First Allied Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At First Allied Securities Due To Gregory Levine

If you have questions about First Allied Securities and/or Gregory Levine and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $140 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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