David Levinson: $400K Complaint Against Ex-WestPark Advisor

Lisle, Illinois financial advisor David Levinson (CRD# 705929) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with American Trust Investment Services and an investment advisor with Chicago Capital Management Advisors.

Mr. Levinson’s BrokerCheck report discloses one investor complaint. Filed in November 2025, it alleges that as a representative of WestPark Capital, he recommended unsuitable alternative investments in Delaware Statutory Trusts and MacKenzie Realty Capital, misrepresented material facts regarding the investments he recommended, acted negligent, and breached his fiduciary duty. The pending complaint alleges damages of $400,000.

Investors should be aware that negligence denotes an advisor’s failure to uphold their duty of care to a client. That failure generally takes the form of a registered representative doing something that a reasonably prudent advisor would not do under similar circumstances. Alternatively, it might take the form of the representative not doing something that a reasonably prudent advisor would do under similar circumstances. Negligence might look like a broker failing to perform adequate due diligence and consequently recommending unsuitable investments; a broker failing to diversify a client’s portfolio; a broker failing to follow a client’s instructions; and more. Representatives who act negligently may be held liable in the event of losses and/or subject to disciplinary action by securities regulators.

According to the Financial Industry Regulatory Authority, David Levinson holds 45 years of securities industry experience. Based in Lisle, Illinois, he has been registered as a broker with American Trust Investment Services and an investment advisor with Chicago Capital Management Advisors since 2020. His past registrations include WestPark Capital, Newport Coast Asset Management, Newport Coast Securities, National Securities Corporation, Wedbush Morgan Securities, Brookstreet Capital Management, Brookstreet Securities Corporation, Southern California Securities, Royal Alliance Associates, Integrated Resources Equity Corporation, Christopher Weil & Company, Morgan Olmstead Kennedy & Gardner, Smith Barney Harris Upham & Company, and Municicorp of California. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 43 state licenses. (Information current as of December 13, 2025.)

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