diff --git a/Common/Data/DataMonitor.cs b/Common/Data/DataMonitor.cs
index e623f3613cbd..69181647736f 100644
--- a/Common/Data/DataMonitor.cs
+++ b/Common/Data/DataMonitor.cs
@@ -85,7 +85,7 @@ public void OnNewDataRequest(object sender, DataProviderNewDataRequestEventArgs
             var isUniverseData = path.Contains("coarse", StringComparison.OrdinalIgnoreCase) ||
                 path.Contains("universe", StringComparison.OrdinalIgnoreCase);
 
-            if (e.Succeded)
+            if (e.Succeeded)
             {
                 WriteLineToFile(_succeededDataRequestsWriter, path, _succeededDataRequestsFileName);
                 Interlocked.Increment(ref _succeededDataRequestsCount);
@@ -105,7 +105,7 @@ public void OnNewDataRequest(object sender, DataProviderNewDataRequestEventArgs
 
                 if (Logging.Log.DebuggingEnabled)
                 {
-                    Logging.Log.Debug($"DataMonitor.OnNewDataRequest(): Data from {path} could not be fetched");
+                    Logging.Log.Debug($"DataMonitor.OnNewDataRequest(): Data from {path} could not be fetched, error: {e.ErrorMessage}");
                 }
             }
         }
diff --git a/Common/Interfaces/DataProviderDataFetchedEventArgs.cs b/Common/Interfaces/DataProviderDataFetchedEventArgs.cs
index 8124eff54369..bf3e04315b9d 100644
--- a/Common/Interfaces/DataProviderDataFetchedEventArgs.cs
+++ b/Common/Interfaces/DataProviderDataFetchedEventArgs.cs
@@ -30,17 +30,24 @@ public class DataProviderNewDataRequestEventArgs : EventArgs
         /// <summary>
         /// Whether the data was fetched successfully
         /// </summary>
-        public bool Succeded { get; }
+        public bool Succeeded { get; }
+
+        /// <summary>
+        /// Any error message that occurred during the fetch
+        /// </summary>
+        public string ErrorMessage  { get; }
 
         /// <summary>
         /// Initializes a new instance of the <see cref="DataProviderNewDataRequestEventArgs"/> class
         /// </summary>
         /// <param name="path">The path to the fetched data</param>
-        /// <param name="succeded">Whether the data was fetched successfully</param>
-        public DataProviderNewDataRequestEventArgs(string path, bool succeded)
+        /// <param name="succeeded">Whether the data was fetched successfully</param>
+        /// <param name="errorMessage">Any error message that occured during the fetch</param>
+        public DataProviderNewDataRequestEventArgs(string path, bool succeeded, string  errorMessage)
         {
             Path = path;
-            Succeded = succeded;
+            Succeeded = succeeded;
+            ErrorMessage = errorMessage;
         }
     }
 }
diff --git a/Engine/DataFeeds/DefaultDataProvider.cs b/Engine/DataFeeds/DefaultDataProvider.cs
index eaa778052985..6dca05897a08 100644
--- a/Engine/DataFeeds/DefaultDataProvider.cs
+++ b/Engine/DataFeeds/DefaultDataProvider.cs
@@ -24,6 +24,8 @@ namespace QuantConnect.Lean.Engine.DataFeeds
     /// </summary>
     public class DefaultDataProvider : IDataProvider, IDisposable
     {
+        private bool _oneTimeWarningLog;
+
         /// <summary>
         /// Event raised each time data fetch is finished (successfully or not)
         /// </summary>
@@ -37,6 +39,7 @@ public class DefaultDataProvider : IDataProvider, IDisposable
         public virtual Stream Fetch(string key)
         {
             var success = true;
+            var errorMessage = string.Empty;
             try
             {
                 return new FileStream(FileExtension.ToNormalizedPath(key), FileMode.Open, FileAccess.Read, FileShare.Read);
@@ -44,8 +47,17 @@ public virtual Stream Fetch(string key)
             catch (Exception exception)
             {
                 success = false;
-                if (exception is DirectoryNotFoundException
-                    || exception is FileNotFoundException)
+                errorMessage = exception.Message;
+                if (exception is DirectoryNotFoundException)
+                {
+                    if (!_oneTimeWarningLog)
+                    {
+                        _oneTimeWarningLog = true;
+                        Logging.Log.Debug($"DefaultDataProvider.Fetch(): DirectoryNotFoundException: please review data paths, current 'Globals.DataFolder': {Globals.DataFolder}");
+                    }
+                    return null;
+                }
+                else if (exception is FileNotFoundException)
                 {
                     return null;
                 }
@@ -54,7 +66,7 @@ public virtual Stream Fetch(string key)
             }
             finally
             {
-                OnNewDataRequest(new DataProviderNewDataRequestEventArgs(key, success));
+                OnNewDataRequest(new DataProviderNewDataRequestEventArgs(key, success, errorMessage));
             }
         }