Daniel William McKenna (CRD #4827522) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Daniel William McKenna (CRD #4827522) is a broker with a customer dispute disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 11, 2026. It reflects one customer dispute. If you invested with Daniel William McKenna and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Daniel McKenna’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 2, 2026, a customer submitted a written complaint to Hantz Financial Services, Inc. The customer alleged fiduciary breaches, material reporting failures, and administrative negligence. The customer requested $246,302.99 in damages. The report says the complaint involved mutual funds and separately managed accounts. It also says the customer claimed key custodial data was missing from the Charles Schwab portal and that the portfolio underperformed the S&P 500. Daniel McKenna’s FINRA BrokerCheck Report states the complaint was denied on February 19, 2026.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. It ties recommendations to the customer’s investment profile, including risk tolerance, time horizon, and liquidity needs.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system designed to achieve compliance with securities laws and FINRA rules. Customer complaints can raise questions about how account activity, disclosures, and communications were supervised.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Daniel McKenna:

Is currently registered with Hantz Financial Services, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Daniel McKenna has passed Series 7 and Series 6. He has also passed Series 65, Series 63, and Series 24.

Reports employment with Hantz Financial Advisor dating to August 2004.

Kurta Law Can Help

If you have worked with Daniel McKenna and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Security Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.