Danny Davis Fired by Stifel Nicolaus for Unauthorized Trading Allegations

Were you a client of Danny Davis, formerly of Stifel Nicolaus? Our securities arbitration firm is reviewing claims made regarding Danny Davis, who formerly worked at Stifel Nicolaus in an Omaha, Nebraska office.  He was terminated in May 2025.

Reasons for Stifel Nicolaus’s Termination of Danny Davis

FINRA’s BrokerCheck shows that Davis was terminated in May 2025 regarding allegations that he violated “firm policy regarding exercising discretion without written authorization”.  This comes on the heels of a customer complaint that was filed in April 2025, where the customer alleges unauthorized trading.  The customer alleges over $1 million in damages from Davis’ conduct.

Background on Danny Davis

From 2009 to May 2025, Danny Davis was associated with Stifel Nicolaus.  He was also previously registered with other firms since 1978.  In addition to the current pending complaint, Davis was also the subject of two other customer complaints in the past, including one from 1990 where a customer was awarded $1,030,000 in damages.

Is Stifel Nicolaus Responsible for Davis’s Conduct?

Stifel Nicolaus has an obligation to reasonably monitor the conduct of its advisors under FINRA rules.  It could be liable if it failed to reasonably supervise him and his conduct.

We Help Investors in Nebraska

We represent investors throughout the United States as well as in Omaha, Nebraska, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Danny Davis and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Davis’s BrokerCheck Report

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Call us today at (720) 599-3505 or (206) 795-5798