Dan Strain: $500K REIT Complaint Against Cape Securities Advisor

Columbus, Georgia financial advisor Dan Strain (CRD# 437903) has received multiple investor complaints alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Cape Securities and an investment advisor with Cape Investment Advisory.

Mr. Strain’s BrokerCheck report discloses two investor complaints. The most recent, filed in in 2023, alleges that as a representative of Cape Securities, he misrepresented investments in a variable annuity and an American Realty Healthcare REIT. The pending complaint alleges damages of $500,000.

A second investor complaint, filed in 2023, alleges that as a Cape Securities representative, he misrepresented and omitted material facts, recommended unsuitable investments, churned investments, and breached contract. The pending complaint alleges damages of $191,000.

According to the Financial Industry Regulatory Authority, Dan Strain holds 39 years of securities industry experience. Based in Columbus, Georgia, he has been registered as a broker with Cape Securities since 2008 and an investment advisor with Cape Investment Advisory since 2009. His past registrations include 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). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7TO; the Securities Industry Essentials Examination, or SIE; the Registered Representative Examination, or Series 1; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama and Georgia. (Information current as of January 12, 2025.)

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