Daniel Ray Deno, a stockbroker previously associated with LPL Financial LLC in Owensboro, Kentucky, has been permanently barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because he failed to comply with an investigation into allegations of his potential fraud. Letter of Acceptance, Waiver, and Consent (AWC) No. 2024084191101 (January 28, 2025).
According to the AWC, FINRA initiated an investigation into Deno’s conduct, and on January 28, 2025, issued a bar after he refused to provide documents, information, or testimony under FINRA Rule 8210.
Deno also faces criminal charges related to his alleged misconduct. FINRA Public Disclosure shows that on November 19, 2024, Perry Circuit Court in Tell City, Indiana, formally charged Deno with one count of felony theft and one count of felony fraud under Case No. 62C01-2411-F6-000964. He pleaded not guilty to both charges, and a pretrial conference was scheduled for January 29, 2025.
According to the Tell City, Indiana, Police Department, Deno was charged Tuesday with felony theft and fraud related to his alleged dealings with a 73-year-old client.
Deno was last registered with LPL Financial LLC from October 2022 to December 2024 before his termination from the securities broker dealer due to these allegations.
