The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Gregory Levine. According to his publicly available FINRA BrokerCheck report, Gregory Levine has been the subject of multiple customer disputes.

Gregory Levine was a Florida based securities broker. He worked in the securities industry for twenty-three years. During his career, he was registered with five different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Prudential Securities (1993-2003)
  • Wachovia Securities (2003)
  • Morgan Stanley (2003-2009)
  • Commonwealth Financial Network (2009-2012)
  • First Allied Securities (2012-2017)

The Allegations

Gregory Levine was discharged from First Allied Securities in June 2017, following allegations that he took part in unapproved private securities transactions. Levine allegedly solicited funds from numerous customers of First Allied Securities under the guise of a personal loan or for an outside investment–both of which violated his member firm’s policies. These funds were never repaid to the customers. They all eventually filed cases against First Allied Securities due to these allegations. The cases were settled for a grand total of $351,400 in damages. One of the cases is still pending with the customer seeking $210,000 in damages.

Gregory Levine was eventually barred by FINRA from acting as a securities broker in any fashion.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Gregory Levine, please contact Oakes & Fosher for a free and private consultation.