Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 8, 2018 indicate that Colorado-based LPL Financial broker Michael Frost has been involved in a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Frost (CRD# 2000358).
Michael Frost has spent 27 years in the securities industry and has been registered with LPL Financial in Colorado Springs, Colorado since November 2017. Previous registrations include National Planning Corporation in Colorado Springs, Colorado (2014-2017); LPL Financial in Colorado Springs, Colorado (2009-2014); Mutual Service Corporation in Colorado Springs, Colorado (2008-2009); Walnut Street Securities in Colorado Springs, Colorado (1993-2007); Lincoln Financial Advisors Corporation in Fort Wayne, Indiana (1991-1993); the Lincoln National Life Insurance Company in Fort Wayne, Indiana (1991-1993); Royal Alliance Associates in Jersey City, New Jersey (1991); and NYLife Securities in New York, New York (1990-1991). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 24, 1992; Series 7 (General Securities Representative Examination), which he obtained on May 4, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 27, 1990. He is a registered broker with 20 US states and territories: Alabama, Arizona, California, Colorado, Florida, Hawaii, Idaho, Illinois, Kentucky, Montana, Nevada, New Hampshire, North Carolina, Ohio, Oregon, South Carolina, South Dakota, Texas, Virginia, and Wisconsin.
According to his BrokerCheck report, he has received one customer complaint and two denied customer complaints.
In October 2017 a customer alleged Michael Frost, while employed at Walnut Street Securities, made misrepresentations regarding the Colorado Public Employees Retirement Act. The customer sought between $100,000 and $150,000 in damages in the complaint, which was denied.
In 2007 a customer alleged Michael Frost, while employed at Walnut Street Securities, “acted dishonestly and deceitfully” with respect to advice regarding a variable annuity product. The complaint settled for more than $19,800.
In 2004 a customer alleged Michael Frost, while employed at Walnut Street Securities, misrepresented material facts related to a variable universal life insurance product. The customer sought $54,000 in damages in the complaint, which was denied.
If you have complaints regarding Michael Frost, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you recover money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.