{"id":6772,"date":"2019-01-10T10:47:55","date_gmt":"2019-01-10T16:47:55","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6772"},"modified":"2019-01-10T10:47:55","modified_gmt":"2019-01-10T16:47:55","slug":"finra-bars-another-ex-morgan-stanley-representative-fines-firm-10m-for-aml-detection-deficiencies-and-orders-it-to-pay-two-investors-4-2m-for-broker-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-another-ex-morgan-stanley-representative-fines-firm-10m-for-aml-detection-deficiencies-and-orders-it-to-pay-two-investors-4-2m-for-broker-fraud\/","title":{"rendered":"Finra Bars Another Ex-Morgan Stanley Representative, Fines Firm $10M for AML Detection Deficiencies, and Orders It To Pay Two Investors $4.2M For Broker Fraud"},"content":{"rendered":"<p>\t\t\t\tDaniel Todd Levine, a former <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/brokerage-firm-misconduct\/morgan-stanley\/\" target=\"_blank\" rel=\"noopener noreferrer\">Morgan Stanley (MS)<\/a> broker, has been barred by the <a href=\"https:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority<\/a> after he failed to cooperate in a probe into allegations that he may have taken part in outside business activities that he did not disclose to the broker-dealer while he worked for the firm. Levine was a Morgan Stanley broker based in Denver, Colorado between 2013 and July 2018 when he stepped down. His next employer was First Financial Equity Corp., but that brokerage firm fired him a few weeks later after he did not notify them about the FINRA investigation.<\/p>\n<p>According to Levine&#8217;s <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2874319\" target=\"_blank\" rel=\"noopener noreferrer\">BrokerCheck record<\/a>, he previously worked with Prudential Securities, Merrill Lynch, and UBS (UBS). He was employed in the securities industry for over 20 years.<\/p>\n<p>A number of other former Morgan Stanley brokers have recently made news headlines over allegations of broker fraud. Last month, FINRA announced that it had filed a lawsuit against Ami Forte, who is accused of making unauthorized trades in the account of now deceased Home Shopping Network co-founder Roy M. Speer. In November, former Morgan Stanley financial adviser James Polese was sentenced to five years behind bars after pleading guilty to defrauding customers of over $1M.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-bars-another-ex-morgan-stanley-representative-fines-firm-10m-for-aml-detection-deficiencies-and-orders-it-to-pay-two-investors-4-2m-for-broker-fraud\/\"  title=\"Continue Reading Finra Bars Another Ex-Morgan Stanley Representative, Fines Firm $10M for AML Detection Deficiencies, and Orders It To Pay Two Investors $4.2M For Broker Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Daniel Todd Levine, a former Morgan Stanley (MS) broker, has been barred by the Financial Industry Regulatory Authority after he failed to cooperate in a probe into allegations that he may have taken part in outside business activities that he did not disclose to the broker-dealer while he worked for the firm. Levine was a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3774,3739,4049],"tags":[3166,3254,2283],"class_list":["post-6772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-broker-dealers","category-finra","category-industry-bars","tag-aaron-parthemer","tag-daniel-todd-levine","tag-morgan-stanley"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finra Bars Another Ex-Morgan Stanley Representative, Fines Firm $10M for AML Detection Deficiencies, and Orders It To Pay Two Investors $4.2M For Broker Fraud &#8212; Investor Lawyers Blog &#8212; January 10, 2019<\/title>\n<meta name=\"description\" content=\"Finra Bars Another Ex-Morgan Stanley Representative, Fines MS $10M for AML Detection Deficiencies, and Orders It To Pay Two Investors $4.2M For Broker Fraud\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-bars-another-ex-morgan-stanley-representative-fines-firm-10m-for-aml-detection-deficiencies-and-orders-it-to-pay-two-investors-4-2m-for-broker-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Finra Bars Another Ex-Morgan Stanley Representative, Fines Firm $10M for AML Detection Deficiencies, and Orders It To Pay Two Investors $4.2M For Broker Fraud &#8212; 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