Last Updated: December 2024 (Columbus, GA)
Danny Strain Investigation Summary
Here’s what you need to know about Columbus, GA, stockbroker Danny Strain:
- Name: Mr. Danny Ray Strain
- Current Employer: Cape Securities Inc.
- DBA: Elite Wealth Management
- Previous Firms: Resource Horizons Investment Advisory, Resource Horizons Group, Pan American Financial Advisors, Aura Financial, ProEquities, Equity Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Columbus, GA
- CRD 437903
- Can Danny Ray Strain be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Disputes: Seek damages of$691.000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Danny Strain As Your Stockbroker?
Danny Ray Strain has 2 pending customer complaints for alleged broker misconduct.
In 9/2023 a customer of Cape Securities filed a FINRA arbitration alleging that Danny Strain recommended an unsuitable real estate investment (REIT-see this for more information on this type of alternative investment) and is seeking damages of $191,000. In addition the cutomer alleges churning and breach of contract and industry rules.
In 11/2023 another customer filed a FINRA arbitration alleging misrepresentation and misleading information in connection with the recommendation to invest in unsuitable investments, including American Healthcare Trust REIT. Alleged damages are $500,000 in this currently pending matter.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Danny Strain
Customers of Danny Ray Strain have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable REIT Investment (American Healthcare Trust REIT)
- Unsuitable alternative investment
- Churning
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Cape Securities Brokers
If you have suffered investment losses in an account handled by Danny Ray Strain, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.