Brian Patrick Dennen at LPL FINANCIAL LLC – View Complaints, Disclosures, Scams and Audit Report (Updated 2023)



CRD# 3239786

Disclosure #1 for Brian Dennen

    • eventDate: 11/13/2015
    • Disclosure Type: Regulatory
    • Disclosure Resolution: Final
    • Disclosure Detail :: DocketNumberFDA: 2012034821903
    • DocketNumberAAO: 2012034821903
    • Initiated By: FINRA
    • Allegations: Without admitting or denying the findings, Dennen consented to the sanctions and to the entry of findings that a member firm, through Dennen and another Managing Director at the firm, permitted one of its customers to circumvent the various options exchanges Professional Customer Order designation rules. The findings stated that they did so by failing to aggregate orders that were placed in multiple accounts under the same common beneficial ownership of the customer, which resulted in the accounts not being properly designated as Professional Customer. As a result, the customer avoided paying higher options exchange fees, and avoided receiving lower exchange priority of execution. Based upon approved documents, all of which were on file at the firm, the firm, Dennen and another Managing Director, as principals, knew or should have known that the common beneficial owners controlled the master/sub-accounts. As such, for the purpose of the Professional Customer designation, the accounts were required to be aggregated. The findings also stated that in the third quarter of 2011, the sub-accounts placed more than 390 orders in listed options per day on average during one or more months during this period. As such, all orders for these accounts were required to be represented as Professional Customer during the fourth quarter of 2011. Although the firm’s own reports flagged two sub-accounts as Professional Customer in September 2011 because they each individually exceeded the average of over 390 orders in September, the firm and Dennen failed to designate any of the orders in the accounts of the common beneficial owners as Professional Customer. As a result, there were 97,940 orders that were entered that were incorrectly designated as Customer instead of Professional Customer, which resulted in a total of 23,292 executions involving a total of 296,296 contracts. These contracts therefore received priority of execution and did not pay higher fees to the various options exchanges where the executions took place.
    • Resolution: Acceptance, Waiver & Consent(AWC)
    • SanctionDetails :: Sanctions: Civil and Administrative Penalty(ies)/Fine(s)
    • SanctionDetails :: Amount: $15,000.00 Sanctions: Suspension
    • SanctionDetails :: Registration Capacities Affected: Any principal capacity
    • Duration: One week
    • Start Date: 12/7/2015
    • End Date: 12/13/2015
    • Regulator Statement: Fine paid in full on December 9, 2015.

Should I file a FINRA complaint against brokers like Brian Patrick Dennen?

Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.

Update – 2022.11.15If you have suffered investment losses that may have been caused by Brian Patrick Dennen’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today! helps you make informed choices about brokers and brokerage firms and provides easy access to investment adviser information. Our database reports whether a person or firm is registered, as required by law, to sell securities (stocks, bonds, mutual funds, and more), offer investment advice, or both. We provide you with a snapshot of a broker’s employment history, regulatory actions, investment-related licensing information, arbitrations, and complaints, and allow users to share their experiences and reviews with these brokers and brokerage firms.

Frequently Asked Questions About Brian Patrick Dennen

What is Brian Dennen’s Central Registration Depository (CRD) Number?

Which firm is Brian Patrick Dennen associated with?


Where is Brian Dennen located?

4707 Executive Dr, SAN DIEGO, CA, 92121-3091

Where can I find more details about Brian Dennen’s Investment Firm?

Visit to read a detailed report for LPL FINANCIAL LLC

Are there any disclosures, allegations or complaints filed against Brian Patrick Dennen?

Yes. There are disclosures, allegations, or complaints filed against Brian Patrick Dennen. Click here to view all details

Where can I download a detailed FINRA report for Brian Dennen?

Click here to download a detailed FINRA report for Brian Dennen

Is it safe to do business with Brian Patrick Dennen?

We’re not sure. Please research Brian Dennen’s disclosures, allegations and complaints before taking a decision

Originally reported on November 15, 2022 @ 11:41 pm

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