MICHAEL FRANTESL is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 40W188 CAMPTON CROSSING, STE E, ST. CHARLES, IL, 60175.
MICHAEL FRANTESL has worked at LPL FINANCIAL LLC since December 05, 2003
Disclosure History
MICHAEL FRANTESL has 1 Disclosure Event(s).
Date: June 20, 2011 Category: Customer Dispute Allegations: THE SON OF POLICY OWNER ALLEGES THAT THE SALE OF A 2000 VARIABLE LIFE INSURANCE POLICY WAS NOT A SUITABLE INVESTMENT FOR HIS FATHER. CLIENT IS REQUESTING THE FIRM TO SWITCH HIS POLICY TO A WHOLE LIFE WITH A FIXED PREMIUM AND CREDIT HIM FOR THE ADDITIONAL FEES/COSTS FROM THE INCEPTION OF THE VARIABLE POLICY. DAMAGES UNSPECIFIED. Settlement Amount: $32,674.82 Broker Comment: WITHOUT ADMITTING FAULT OR LIABILITY, THE PARTIES SETTLED THE MATTER. AXA-EQUITABLE AGREED TO CANCEL THE POLICY AS IF IT HAD NEVER BEEN ISSUED. LOSS TO FIRM: $32,674.82.
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