Last Updated: May 2025 – Omaha, NE
Here’s what you need to know about Omaha, NE stockbroker Danny Kay Davis:
- Name: Mr. Danny Kay Davis
- Current Employer: Stifel, Nicolaus & Company, Incorporated
- Prior Employers: Citigroup Global Markets Inc.; Lehman Brothers Inc.; E. F. Hutton & Company Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Danny K. Davis
- Primary Location: Omaha, NE
- CRD Number: 853374
- Can Danny Davis be sued in FINRA arbitration? Yes
- Highest Settlement or Award: $1,030,000
- Pending Customer Dispute Seeks Damages of: $1,031,605
If you’ve sustained damages from Mr. Davis, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Danny Davis As Your Stockbroker?
A pending customer complaint was filed by a customer of Stifel Nicolaus in April 2025, alleges unauthorized trading of listed equities and options resulted in significant portfolio losses and excessive commissions. The claim seeks $1,031,605 in damages and remains unresolved as of the date of this report.
Earlier in his Mr. Davis was involved in a major arbitration case filed in 1990 related to his time at Shearson Lehman Brothers. The case involved allegations of misrepresentation, excessive comissions and unsuitability in connection with his recommendation to invest in limited partnership investments and resulted in a $1,030,000 settlement.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
These types of allegations may involve violations of FINRA Rule 2111 (Suitability) for failing to ensure that investment strategies align with a customer’s financial profile and FINRA Rule 3260, which governs discretionary trading. Allegations of excessive commissions may also fall under FINRA Rule 2010, which mandates ethical conduct in the securities industry.
Allegations of Broker Misconduct Against Danny Davis
Clients of Danny Davis have made the following allegations:
- Unauthorized Trading
- Misrepresentation and Unsuitability of Limited Partnerships
- Excessive Commissions
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
The Financial Industry Regulatory Authority (FINRA) mandates that customer complaints, arbitrations, and other material disclosures be reported and reviewed. These disclosures help assess whether an advisor has consistently failed to adhere to regulatory standards designed to protect investors.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Stifel Nicolaus brokers
If you have suffered investment losses in an account handled by Danny Kay Davis, contact us for a complimentary consultation with an experienced 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.