DANNY RAY STRAIN (DAN STRAIN) is currently registered with CAPE SECURITIES INC of Columbus, Georgia since 2008 as a broker, and 2009 as an investment advisor with CAPE INVESTMENT ADVISORY INC, also of Columbus, Georgia.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, DANNY RAY STRAIN has been in the securities industry for 39 years and has been listed with 9 firms. There are 2 disclosures listed on Strain’s CRD report, both disclosures are “Customer Disputes.”
There was a “Customer Dispute” filed against DANNY RAY STRAIN on November 1, 2023, that is currently pending. The allegations are, “Misrepresentation and misleading information regarding investments.” Allegedly the complaint involved a variable annuity and American Realty Healthcare REIT. The damage amount requested is $500,000.00.
REITs are classified as publicly traded and non-traded. REITs can offer investors a steady income, but a REIT comes with risks. REITs can be sensitive to interest rates and may not be as tax friendly as other investments.
FINRA’s BrokerCheck lists another “Customer Dispute” filed against DANNY RAY STRAIN dated September 14, 2023, this dispute is also pending. The allegations listed on BrokerCheck are, “Client alleges misrepresentation and omissions, recommendation of unsuitable investments, lack of supervision, churning, breach of contract and industry rules.” The damage amount requested is $191,000.00.
DANNY RAY STRAIN was previously registered with:
Resource Horizons Group (Columbus, Georgia 2005-2008)
Pan-American Financial Advisers (New Orleans, Louisiana 2002-2004)
Aura Financial Services (Birmingham, Alabama 2001-2002)
ProEquities (Birmingham, Alabama 1996-2001)
Equity Services (Montpelier, Vermont 1987-1991 and 1994-1996)
and Pruco Securities Corporation (1982-1987).
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