MICHAEL FRANTESL

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.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for MICHAEL FRANTESL, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.