Danny Davis Fired from Stifel, Nicolaus & Company

Danny Davis (CRD #: 853374), a broker formerly registered with Stifel, Nicolaus & Company, was fired from that firm, according to his BrokerCheck record, accessed on July 19, 2025. If you have questions about his alleged conduct as a broker, keep reading.

Termination from Stifel, Nicolaus & Company

On May 27, 2025, Stifel, Nicolaus & Company fired Danny Davis for allegedly violating firm policy concerning the exercise of discretion without written authorization.

FINRA Rule 3260

FINRA Rule 3260 limits brokers trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Investor Dispute

On April 22, 2025, an investor alleged that Danny Davis engaged in unauthorized trading, leading to losses and excessive commissions. The client seeks $1,031,605 in damages in this pending dispute.

Background Information

Danny Davis has passed the following exams:

• General Securities Sales Supervisor – Options Module Examination – Series 9
• General Securities Sales Supervisor – General Module Examination – Series 10
• General Securities Sales Supervisor Examination (Options Module & General Module) – Series 8
• Securities Industry Essentials Examination – SIE
• Interest Rate Options Examination – Series 5
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• Stifel, Nicolaus & Company (CRD#:793) 
• Citigroup Global Markets (CRD#:7059)
• Lehman Brothers (CRD#:7506)
• E. F. Hutton & Company (CRD#:235)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:572) 

Kurta Law Can Help

If you worked with Danny Davis and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.