Cape Securities Inc. broker Danny Strain (CRD# 437903) is accused of misrepresentation. He has been registered with Cape Securities Inc. in Columbus, Georgia, since 2008.
Danny Strain Customer Complaints
He has been the subject of three customer complaints between 2022 and 2024, according to his CRD report:
November 2023. “Misrepresentation and misleading information regarding investments.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding variable annuities and American Realty Healthcare REIT. The complaint took place while he was registered with Cape Securities Inc.
September 2023. “Client alleges misrepresentation and omissions, recommendation of unsuitable investments, lack of supervision, churning, breach of contract and industry rules.” The customer is seeking $191,000 in damages, and the case is currently pending.
April 2022. “The written complaint doesn’t specify any dates, but the application in our files is dated August 20, 2014. The allegation is the product was unsuitable at the time of sale.” The customer sought $50,000 in damages, and the case was settled for $8,750. The complaint was regarding direct investments and real estate security losses. The complaint took place while he was registered with Cape Securities Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cape Securities Inc. may be liable for investment or other losses suffered by Danny Strain’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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