Shillin Wealth Management Michael Shillin Investment Losses?
Summary
FINRA Bars Appleton, Wisconsin investment advisor accused of defrauding at least 100 advisory clients. In December 2020, FINRA barred Michael Shillin for refusing to produce information and documents and appear for on-the-record testimony relating to a Form U5 filed by A.G.P./Alliance Global Partners, per a Letter of Acceptance, Waiver and Consent (AWC). The termination notice stated that Shillin had resigned while under investigation for creating and altering documents and emails “designed to show the existence of a long term care insurance policy that did not exist, for “directly making a series of payments to the ‘beneficiary’ of the non-existent long term care policy,” and for making “material misstatements and providing falsified/altered documents to Firm personnel during the investigation in an apparent effort to explain the situation.” On November 5, 2020, A.G.P./Alliance Global Partners filed an amended Form U5 for Shillin. Michael Shillin’s registration history as a broker is as follows: • Fries Financial Group LLC (August 2014 to May 2015) • Raymond James Financial Services (August 2014 to May 2018) According to BrokerCheck, Michael Shillin has been subject to 37 customer disputes, including 21 that are currently pending. Former customers of ex-A.G.P./Alliance Global Partners broker and Shillin Wealth Management financial advisor Michael Shillin with losses exceeding $100,000, and who may have information relating to the manner in which the broker handled their accounts, are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131.