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.
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.
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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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