Claimant alleges, FA solicited outside investment opportunities not authorized by firm - January 2015 to July 2018

$425,000.00

Claimant alleges, inter alia, unsuitable equity trading and selling away 2013-2015

$100,000.00

$8,500.00

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

SEC Admin Release 34-86962; IA 40-5342, September 13, 2019: The SEC deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940 against Daniel T. Levine. In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission's jurisdiction over him and the subject matter of these proceedings and the findings contained herein, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions. On the basis of this Order and Respondent's Offer, the Commission finds that on March 5, 2019, the Colorado Securities Commissioner, in In the Matter of Daniel T. Levine, Consent Order No. 2019-CDS-003, entered a final order against Levine permanently revoking his sales representative and investment adviser representative licenses, which bars Levine from associating with any broker-dealer or investment adviser in Colorado.

Order

Bar (Permanent)

Any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent, or NRSRO

Indefinite

9/13/2019

Penny Stock

Indefinite

9/13/2019

CLIENT'S ATTORNEY ALLEGED, INTER ALIA, FA SOLICITED OUTSIDE INVESTMENT OPPORTUNITY NOT AUTHORIZED BY THE FIRM - JUNE 2018 THRU DECEMBER 2018.

$250,000.00

Colorado Division of Securities

The Colorado Division of Securities alleged that Daniel T. Levine participated in an investment scheme that offered significant returns to investors through an over-the-counter sale of discounted bitcoin effectuated by Levine's brother and an alleged large bitcoin holder in Europe. The bitcoin opportunity was offered to brokerage clients, investment advisory clients, and others. Levine failed to disclose to investors that his brother had a criminal history and had been living outside of the United States, as a fugitive, since at least 2005. Levine did not admit or deny any of the allegations contained in the Stipulation or Consent Order.

Stipulation and Consent Order

Bar (Permanent)

All

Permanent

Permanent

3/5/2019

Levine is permanently barred and will never reapply for a securities license in Colorado or otherwise make recommendations, render advice to clients regarding securities, manage securities accounts, effect purchases or sales of securities, act for a securities issuer, or enter into or offer to enter into commodities contracts.

FINRA

Without admitting or denying the findings, Levine consented to the sanction and to the entry of findings that he failed to provide FINRA with requested documents and information in connection with its investigation into allegations that he engaged in undisclosed outside business activities, solicited a senior firm customer to borrow funds for an outside business activity, and executed unauthorized trades, among other alleged conduct.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

1/8/2019

FIRST FINANCIAL EQUITY CORPORATION

Discharged

Failure to disclose a regulatory inquiry to the firm.

Client alleges that her signature on documents were copied by FA from previous documents she signed. September 2014.

The complaint against me from [Redacted] is untrue. Her son Craig Hill has POA for Virginia due to her declining health. Craig sent me a letter apologizing for his mother's false claims. He was witness to her signing all documents associated with the purchase of the Met Life Annuity back in 2014. He and I met with [Redacted] together at commencement of the annuity purchase in her house. Craig is willing to answer any questions related to her false claims. He also indicated that she has made many false claims to other professionals in the past and that this is a pattern of behavior she has unfortunately exhibited for many many years.

MSWM

Voluntary Resignation

Allegations concerning activities by representative related to possible, unapproved outside activity.