SEC v. Daniel E. Levin, No. LR-25731, Northern District of Texas (May 19, 2023) — Press Release
raw: Daniel E. Levin
Daniel E. Levin, No. LR-25731 (May 19, 2023)
The SEC charged Texas resident Daniel E. Levin with acting as an unregistered broker-dealer for soliciting $2.6 million in investments, resulting in a settlement with a permanent injunction.
Daniel E. Levin was charged by the SEC for acting as an unregistered broker-dealer while soliciting approximately $2.6 million from at least 27 investors. The complaint alleges Levin violated Section 15(a) of the Securities Exchange Act of 1934 by failing to maintain a required brokerage license. Levin consented to a settlement including a permanent injunction, with monetary relief amounts to be determined by the court.
The SEC filed charges against Dallas-Fort Worth resident Daniel E. Levin for acting as an unregistered broker-dealer between 2017 and 2018. Levin allegedly solicited at least 27 investors to purchase approximately $2.6 million worth of units in the CRP Fund, which held interests in funds managed by GPB Capital. The SEC's complaint asserts that Levin violated Section 15(a) of the Securities Exchange Act of 1934 by failing to register with the Commission or maintain a brokerage license. Without admitting or denying the allegations, Levin agreed to a bifurcated settlement. This settlement includes a permanent injunction against future violations of the charged provisions. The final amount of monetary relief will be determined by the court following a motion by the SEC. The litigation was filed in the Northern District of Texas.
Extracted insights
- $2.60M $2.6 million $1M–$10M
- person bifurcated settlement
- person daniel e. levin
- company investors to purchase approximately $2.6 million worth of units in the crp fund
- agency Securities and Exchange Commission
- person sheldon l. pollock
- Securities And Exchange Commission announced charges Daniel E. Levin
- Daniel E. Levin solicited investors to purchase approximately $2.6 million worth of units in the CRP Fund
- Daniel E. Levin violated Broker-Dealer Registration Provisions
- Daniel E. Levin was required to register with SEC
- Securities And Exchange Commission filed complaint May 9, 2023
- Complaint charges Daniel E. Levin with violating Section 15(a) Of The Securities And Exchange Act Of 1934
- Daniel E. Levin consented to Bifurcated Settlement
- Securities And Exchange Commission Investigation was conducted by Shannon Keyes and Lindsay S. Moilanen
- Investigation supervised by Sheldon L. Pollock
- Litigation will be led by Ms. Keyes and David Stoelting
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25731 / May 19, 2023 Securities and Exchange Commission v. Daniel E. Levin, No. 23-civ-01025 (N.D. Tex., filed May 9, 2023) SEC Charges Texas Resident with Acting as an Unregistered Broker The Securities and Exchange Commission announced charges against Daniel E. Levin, from Dallas-Fort Worth, with acting as an unregistered broker-dealer. According to the SEC's complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 million worth of units in a fund he controlled, the CRP Fund, which in turn owned units in funds run by GPB Capital. Levin allegedly violated the requirements of the broker-dealer registration provisions by soliciting those funds from at least 27 investors from 2017 through 2018, without being registered. The complaint further alleges that Levin was required to register with the SEC and maintain a brokerage license, which he failed to do. The complaint, filed in the Northern District of Texas, charges Levin with violating Section 15(a) of the Securities and Exchange Act of 1934. Levin, without admitting or denying the allegations, consented to a bifurcated settlement, agreeing to be permanently enjoined from violations of the charged provision, with monetary relief in an amount to be determined by the court at a later date upon motion of the SEC. The settlement is subject to court approval. The SEC's investigation was conducted by Shannon Keyes and Lindsay S. Moilanen of the SEC's New York Regional Office, and was supervised by Sheldon L. Pollock. The litigation will be led by Ms. Keyes and David Stoelting.
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25731 / May 19, 2023 Securities and Exchange Commission v. Daniel E. Levin, No. 23-civ-01025 (N.D. Tex., filed May 9, 2023) SEC Charges Texas Resident with Acting as an Unregistered Broker The Securities and Exchange Commission announced charges against Daniel E. Levin, from Dallas-Fort Worth, with acting as an unregistered broker-dealer. According to the SEC's complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 million worth of units in a fund he controlled, the CRP Fund, which in turn owned units in funds run by GPB Capital. Levin allegedly violated the requirements of the broker-dealer registration provisions by soliciting those funds from at least 27 investors from 2017 through 2018, without being registered. The complaint further alleges that Levin was required to register with the SEC and maintain a brokerage license, which he failed to do. The complaint, filed in the Northern District of Texas, charges Levin with violating Section 15(a) of the Securities and Exchange Act of 1934. Levin, without admitting or denying the allegations, consented to a bifurcated settlement, agreeing to be permanently enjoined from violations of the charged provision, with monetary relief in an amount to be determined by the court at a later date upon motion of the SEC. The settlement is subject to court approval. The SEC's investigation was conducted by Shannon Keyes and Lindsay S. Moilanen of the SEC's New York Regional Office, and was supervised by Sheldon L. Pollock. The litigation will be led by Ms. Keyes and David Stoelting.