Danny Sookram Out At Equitable Advisors LLC Over Alleged Excessive Trading In Client Accounts

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.

Equitable Disaffiliated With Sookram For Excessive Trading

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.

Aegis Investor Accused Danny Sookram Of Unsuitable Advice And Breach Of Fiduciary Duty

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.

What Is Excessive Trading?

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.

Have You Made Investments Through Financial Advisor / Securities Broker Danny Sookram?

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.