August 4, 2015
Daniel Levin, of Dallas, TX , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he made statements that were unbalanced, promissory, misleading and/or lacked reasonable basis on his weekly radio show “Investment Talk”, between December 2013 and April 2014.
According to FINRA, Levin made the following statements that violated FINRA Rule 2210(d)(1)(a):
“50% of Americans will have to work for the rest of their lives”
stock market is ‘due for a correction”
“stocks will go down 40%, bonds will go down 10%”
that Levin “told people in ’07 to get out to the market, saved them 60%”
“I have investments that will guarantee you the income you are looking for the rest of your life”
Levin was fined $25,000 and suspended for six months. According to FINRA records Levin was registered as follows:
- 1/2014-8/2014 Titan Securities
- 6/2012-9/2012 Berthel Fisher & Co.
- 1/2004-6/2012 Milkie/Ferguson Inv
FINRA records indicate that Levin has been named in 14 customer complaints and that he was terminated in 9/2012 by Berthel Fisher due to a new regulatory proceeding being filed by FINRA.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900