| Read Time: 2 minutes | Broker Misconduct | Stockbrokers In The News |

Did Frederick Scott Levine Cause You Investment Losses?

Frederick Scott Levine of Millburn, New Jersey was fined $5,000 and suspended from association with any FINRA member in all capacities for allegedly engaging in unsuitable investments in violation of NASD Rule 2310 and FINRA Rules 2111 and 2010. The suspension is in effect from September 21, 2020, through December 20, 2020.

From January 2002 until November 17, 2014, Frederick Scott Levine was registered with Oppenheimer & Co. Inc as a General Securities Representative. According to the FINRA findings, Levine recommended his customers roll over their Unit Investment Trusts (UIT’s) more than 100 days prior to the maturity on approximately 950 occasions, 600 being “series-to-series” rollovers. The findings stated that each customer had a 24-month maturity period and recommended the sell only 260 days after holding to purchase a new UIT. FINRA stated that due to the unsuitable recommendations, Frederick Scott Levine allegedly caused his customers to incur unnecessary sales charges. Levine voluntarily resigned from Oppenheimer & Co. Inc and is currently registered as a General Securities Representative through another FINRA member firm.

Do You Need A New Jersey Attorney Who Sues Stockbrokers For Unsuitable Investment Recommendations?

Are you a New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts?  Did they recommend unsuitable securities transactions or strategies? Suitability claims can be based upon the stockbroker or investment advisor’s fiduciary duty, duty to use reasonable care, or FINRA Rule 2111. If you believe that your stockbroker or investment advisor made unsuitable recommendations, you need a skilled securities arbitration attorney who knows all the investments, investment strategies and stockbroker tricks of the trade.

Free Initial Consultation With Experienced Attorneys Serving New Jersey Residents in FINRA Securities Arbitrations Involving Unsuitable Investment Claims

At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Millburn, New Jersey, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.

Se habla español

For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail

Author Photo

Robert Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...