Allegations Regarding the Termination

Daniels was fired by Steward Partners regarding allegations that he “did not obtain consent to trade in a customer’s account”, according to Daniels’ BrokerCheck disclosures.  The alleged conduct involved OTC stocks (or over-the-counter, meaning that the stock was not listed on a common stock exchange) and listed equities. 

Since then, Daniels has also been the subject of a customer complaint made in June 2025.  The customer has alleged “poor account performance”, and the damages are allegedly over $5,000.

Background on Thomas Daniels

Thomas Daniels was licensed with Steward Partners Investment Solutions from July 2023 to February 2025.  He previously was registered with Commonwealth Financial Network from 2005 to July 2023.  He also operates Oswego Crest Financial Group in Lake Oswego, Oregon.

Can Steward Partners Investment Solutions Be Liable for Daniels’s Conduct?

Securities rules and regulations provide that securities broker-dealers must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

We Help Investors Nationwide, Including in Oregon

We represent investors throughout the United States as well as Oregon, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. Our firm has an office in Seattle and Vancouver, Washington, and we regularly represent investors in the Pacific Northwest.  If you were a client of Thomas Daniels and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Daniels’ BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

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

Contact Us for a Free Case Evaluation

We are here to help you recover what you deserve.

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