Haselkorn & Thibaut has officially opened an investigation into the activities of David Levinson (CRD# 705929), a veteran financial advisor based in Lisle, Illinois. This research report provides an objective and detailed look into Mr. Levinson’s record, professional experience, and the investor complaints reported throughout his career—especially those associated with his years at WestPark Capital. If you have concerns regarding your investments with David Levinson or any advisory firm, reach out to Haselkorn & Thibaut at 1-888-885-7162 for a free consultation.
Who is David Levinson?
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With over 45 years in the securities industry, David Levinson has cultivated a lengthy career advising clients on investments. He is currently registered as a broker with American Trust Investment Services and serves as an investment advisor representative with Chicago Capital Management Advisors. His experience spans several firms, most notable among them being WestPark Capital, where several key disclosures originated.
Professional Background and Registration History
| Firm | Role | Years |
|---|---|---|
| WestPark Capital Markets, LLC | Registered Representative | 2006 – 2017 |
| American Trust Investment Services | Registered Representative | 2017 – Present |
| Chicago Capital Management Advisors | Investment Adviser Rep | 2019 – Present |
Summary of Disciplinary History and Complaints
David Levinson’s public regulatory record contains several disclosures relevant for investors seeking transparency and assurance:
- Customer Complaints: 2 Notable Events
- Pending 2025 Complaint: An investor alleges that, while representing WestPark Capital, Mr. Levinson recommended unsuitable alternative investments, including Delaware Statutory Trusts and MacKenzie Realty Capital. Additional allegations include misrepresentation of material facts, negligence, and breach of fiduciary duty. This complaint, filed in November 2025, claims $400,000 in damages and is currently pending resolution.
- 2015 Variable Annuity Complaint: Alleged unsuitable recommendations and misrepresentation in connection with variable annuities sold at WestPark Capital. The complaint, seeking $100,000, was settled by WestPark for $25,000 in January 2016. Notably, the settlement was reached without admission of wrongdoing.
- Regulatory Action (2012):
- FINRA issued a Letter of Caution and sanctioned Mr. Levinson for incomplete disclosures of margin account debit balances and failure to follow internal supervisory procedures while at WestPark Capital. The sanction included a $2,500 fine and a 10-day suspension (served in Q3 2012).
- Other Findings:
- No SEC orders or investigations found regarding Mr. Levinson as an individual.
- No known arbitrations initiated personally against Levinson.
- No reported bankruptcy, liens, or civil judgments.
Red Flags for Investors
While the majority of Mr. Levinson’s career has proceeded without issue, certain red flags should not be overlooked:
- Unsuitable Investment Recommendations: Both complaints allege unsuitability, a serious concern signifying advice that may not align with an investor’s needs or risk tolerance.
- Misrepresentation: Allegations of misrepresenting important details about investment products or associated risks.
- Negligence and Breach of Fiduciary Duty: Investors claim Mr. Levinson did not uphold professional obligations to act in their best interests.
- Supervisory Lapses: Regulatory discipline for failing to follow firm procedures—a critical safeguard for client protection.
Recent Activity and Regulatory Status
Since his departure from WestPark Capital in 2017, David Levinson has not reported any further customer complaints or regulatory matters in connection with his roles at American Trust Investment Services or Chicago Capital Management Advisors. As of the last FINRA BrokerCheck update (typically refreshed within 30–45 days), his regulatory standing is clear.
David Levinson’s Licensing and Credentials
Mr. Levinson has successfully completed all major industry qualifying examinations, including:
- Securities Industry Essentials (SIE)
- Series 66 – Uniform Combined State Law Exam
- Series 63 – Uniform Securities Agent State Law Exam
- Series 7 – General Securities Representative Exam
- Series 24 – General Securities Principal Exam
He also maintains licensure in 43 states, which underscores his broad industry presence.
Key Takeaways for Investors
- Complaints and regulatory actions are important indicators for clients evaluating the integrity and diligence of a financial advisor.
- If you have invested with David Levinson—particularly during his tenure at WestPark Capital—and suspect unsuitability, misrepresentation, or suffered investment losses, you are not alone.
- Prompt action to review your account statements and correspondence could help protect your legal rights and financial interests.
How Haselkorn & Thibaut Can Help
With a proven track record of over 50 years’ combined experience, a 98% client success rate, and millions recovered nationwide, Haselkorn & Thibaut offers confidential, no-obligation case reviews to investors who believe they may have a potential claim. No recovery, no fee.
If you or your family have faced losses or have questions about your portfolio—especially regarding investments recommended by David Levinson at either American Trust Investment Services or WestPark Capital—call Haselkorn & Thibaut at 1-888-885-7162 for your free, confidential consultation today.
We are here to listen, support, and guide you through the process of recovering your losses. Don’t delay—your peace of mind and financial security could depend on the next step you take.
