Dan Davis: Stifel Advisor Faces $1mm Complaint

A recent investor complaint against Omaha, Nebraska financial advisor Dan Davis (CRD# 853374) alleges that he made unauthorized trades. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Stifel Nicolaus & Company.

Mr. Davis’ BrokerCheck report discloses three investor complaints. The most recent, filed in April 2025, alleges that as a representative of Stifel Nicolaus & Company, he made unauthorized trades “that resulted in significant losses and excessive commissions.” The pending complaint alleges damages of $1,031,605.

An earlier investor complaint, filed in 2005, alleged that as a representative of Citigroup Global Markets, he recommended unsuitable investments. The complaint alleged unspecified damages and was denied by the firm.

A third investor complaint, filed in 1990, alleged that as a representative of Shearson Lehman Brothers, he misrepresented investments and recommended unsuitable limited partnerships. In 1991 the complaint reached a settlement of $1.03 million.

Stifel Nicolaus’ website includes a page describing the firm’s Omaha branch, where Mr. Davis is based. “We want to understand your unique financial objectives so that we can develop a strategy specific to your needs and long-term financial goals,” it explains. “Whether you want to plan for retirement, save for your children’s college education, reduce your tax bills, or increase your income to meet monthly expenses, you can expect personalized, professional service and advice.”

According to the Financial Industry Regulatory Authority, Dan Davis holds 46 years of securities industry experience. Based in Omaha, Nebraska, he has been registered as a broker and an investment advisor with Stifel Nicolaus & Company since 2009. His past registration includes Citigroup Global Markets (1993-2009), Lehman Brothers (1988-1993), EF Hutton & Company (1981-1988), and Merrill Lynch (1978-1981). His credentials include the passage of eight securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor Exam – Options Module & General Module, or Series 8; the General Securities Representative Examination, or Series 7; the Interest Rate Options Examination, or Series 5; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of May 12, 2025.)

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