Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Investors might have sustained losses due to securities broker Danny Shiva Sookram [CRD: 6113338, Melville, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Sookram worked for Equitable Advisors LLC as a securities broker from April 7, 2017, to March 17, 2026, and as a financial advisor from February 26, 2018, to March 17, 2026; he has been registered with Aegis Capital Corp. as a financial advisor since April 23, 2026, and as a securities broker since June 22, 2026. Investors are encouraged to continue reading to discover more about Sookram’s disclosures.
Specifically, on March 13, 2026, Equitable Advisors disaffiliated with Danny Sookram. Notably, Equitable Advisors alleged that Sookram engaged in excessive trading in a client’s brokerage account.
Also, an Aegis Capital client filed FINRA Arbitration No. 20-00036 about Danny Sookram. Mainly, the client alleged that Sookram breached a contract and his fiduciary duty and made unsuitable recommendations. For this reason, the client allegedly sustained $86,078 in damages. Consequently, on February 4, 2022, Aegis Capital settled this matter by paying the client $35,084.55.
Excessive trading occurs when a broker makes more transactions in an investor’s account than reasonably necessary, often to generate commissions or fees. This practice may disregard the investor’s goals, risk tolerance, and financial interests. It can cause substantial losses through transaction costs, taxes, and poorly timed investment decisions.
Are you concerned about investments you made through Danny Sookram? You should contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Sookram and brokerage firms Sookram worked for deny accusations of sales practice violations.
Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
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