Investors might have sustained losses due to securities broker Alan Levine [CRD: 3114259, Ashland, Oregon], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Levine has worked for LPL Financial LLC since May 1, 2025, after previously working with Grove Point Advisors LLC from April 1, 2021, to May 1, 2025, and Grove Point Investments LLC from February 16, 2010, to May 1, 2025. Keep reading to learn more about Levine’s disclosures and allegations involving investor disputes.
Grove Point Investments LLC Investor Accused Levine Of Misrepresentation
Notably, on March 31, 2025, a Grove Point Investments LLC client filed FINRA Arbitration No. 25-00668 about Alan Levine. The client alleged that Levine overconcentrated accounts, made misrepresentations, and made unsuitable recommendations. Consequently, the investor allegedly incurred damages connected to real estate investment trusts and business development companies. As a result, the client requested $99,999.00 in compensation from Grove Point Investments LLC or Levine. This arbitration is pending a resolution.
Alan Levine Disclosed Breach Of Fiduciary Duty Allegations By Morgan Stanley Smith Barney Client
Particularly, a client of Morgan Stanley Smith Barney contested Alan Levine’s sales practices, based on a complaint. Allegedly, Levine breached his fiduciary duty by making omissions about principal guarantees on a variable annuity. It appears that Levine caused the client to sustain damages. Therefore, Morgan Stanley Smith Barney opted to settle the matter on October 25, 2010, by compensating the client totaling $5,000.00.
Do you need clarification on any investment losses relating to Alan Levine? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. The firm also takes cases by a contingency fee arrangement and advances all costs. Levine and brokerage firms Levine worked for deny accusations of sales practice violations.
