LPL Financial Advisor Daniel Deno Arrested
Did you invest with Daniel Deno, with LPL Financial? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations made against this advisor from Owensboro, Kentucky. Mr. Deno was recently arrested and charged with fraud and theft regarding a 73-year-old Tell City, Indiana client, according to 14news.com. He allegedly asked the client for cash payments and used them for his own personal benefit.
Daniel Ray Deno was a representative of LPL Financial from October 2022 to the present, as well as Fifth Third Securities from September 2020 to October 2022. He was also affiliated with German American Bank in Owensboro, Kentucky.
LPL Financial has a responsibility to adequately supervise its representatives. When firms fail to adequately monitor their advisory representatives, they may be liable for investment losses sustained by customers.
Daniel Deno’s BrokerCheck Report can be found HERE