Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened a formal investigation into Danny Sookram (CRD# 6113338), a Melville, New York-based financial advisor. As former Wall Street defense counsel, we leverage significant insider knowledge to help investors recover losses resulting from misconduct and broker-dealer failures. Our attorneys bring together 95+ years of combined securities law experience, a 98% success rate across hundreds of claims, and have handled more than $520 million in securities matters. Clients benefit from our Super Lawyers designation, AV Preeminent rating (top 2%), and our 5.0-star service, all on a no recovery, no fee basis.
We are currently reviewing Danny Sookram’s conduct during his tenure as a broker at Equitable Advisors and his current registration as an investment adviser with Aegis Capital in Melville, NY. If you have questions about your accounts or suffered investment losses with Mr. Sookram, contact us now at 1-888-885-7162 for a free and confidential consultation.
Why Haselkorn & Thibaut Is Investigating Danny Sookram
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Danny Sookram’s regulatory record discloses significant investor red flags, specifically involving excessive trading and unsuitable recommendations. Our investigation is motivated by credible BrokerCheck records and industry standards that place a premium on transparency and investor protection.
Below, we provide our findings from an exhaustive review of BrokerCheck, SEC filings, and other publicly available databases.
Background: Danny Sookram’s Financial Services Career
- Name: Danny Sookram
- CRD Number: 6113338
- Office Location: Melville, New York
- Current Firm: Aegis Capital
- Previous Firm: Equitable Advisors
- Industry Experience: 13 years
- Licenses: SIE, Series 7, Series 63, Series 66
- Regulatory Authorities: Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
Regulatory Disclosure: Equitable Advisors Termination
Employment Termination: In March 2026, Equitable Advisors terminated Danny Sookram following allegations of excessive trading in a client’s brokerage account.
Excessive trading, as defined by FINRA, occurs when a broker executes numerous trades not to benefit the customer, but primarily to generate commissions. This practice is commonly called quantitative unsuitability. In more severe cases, the behavior can rise to the level of churning, where the broker acts with intent to defraud or with reckless disregard for the client’s interests.
| Disclosure Type | Date | Allegation | Status/Outcome | Client Impact |
|---|---|---|---|---|
| Employment Termination | March 2026 | Excessive trading in a client’s account | Terminated by Equitable Advisors | Potential investor losses; heightened regulatory scrutiny |
Customer Complaint: Allegations of Unsuitable Recommendations and Breach
Another key red flag in Mr. Sookram’s record is a settled investor complaint:
- Date Filed: 2020
- Allegations:
- Recommended unsuitable investments
- Breach of fiduciary duty
- Breach of contract
- Resolution: Settled for $35,084.55
Summary Table: Complaints and Disclosures Against Danny Sookram
| Type | Date | Summary | Outcome |
|---|---|---|---|
| Investor Complaint | 2020 | Alleged unsuitable recommendations, breach of fiduciary duty, breach of contract | Settled: $35,084.55 paid to client |
| Employment Termination | March 2026 | Terminated for excessive trading in a client account | Terminated by firm; no public regulatory action as of current review |
Are There Ongoing Regulatory or Legal Actions Against Danny Sookram?
Based on the latest BrokerCheck and public record reviews, there are no current or pending SEC or FINRA enforcement actions or additional customer arbitrations involving Danny Sookram. There are no reported civil lawsuits, criminal matters, or liens connected to his name. However, new issues can be disclosed at any time, and we urge all clients and investors to monitor Sookram’s regulatory record periodically.
How to Identify and Address Excessive Trading or Unsuitable Recommendations
Excessive trading and unsuitable investment recommendations are leading causes of significant investment losses. Red flags include:
- Unusually high account activity or numerous buy and sell transactions
- Frequent switching between funds, often incurring large commissions
- Recommendations that conflict with your goals, risk tolerance, or investment profile
- Difficulty obtaining straightforward account statements or answers about transactions
If you recognize any of these warning signs in your accounts with Danny Sookram, Equitable Advisors, or Aegis Capital, you may have grounds for recovery.
Why Experience Matters When Recovering Lost Funds
Recovering your investment losses demands expertise, especially when facing complex misconduct such as churning or excessive trading. Our attorneys use their former defense experience to expose proprietary broker tactics and build an aggressive recovery case on your behalf. Throughout every matter, you benefit from:
- Insider knowledge from decades spent inside Wall Street firms
- Direct, partner-level attorney attention
- 98% success rate across hundreds of cases
- No recovery, no fee
Your Next Steps: Free Consultation and Case Review
If you have concerns about your investments or believe you have suffered losses due to Danny Sookram in Melville, New York, whether at Equitable Advisors or Aegis Capital, our attorneys are ready to review your situation at no cost. Call 1-888-885-7162 now or use our secure contact form to schedule a free, confidential consultation about your potential recovery options.
When you work with us, you partner with a team rooted in both unmatched courtroom experience and deep empathy for your financial future. If you wish to hold any advisor fully accountable, do not hesitate. Take action today to protect your retirement and reinvest in your peace of mind.
