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Michael Shillin Formerly With A.G.P. / Alliance Global Partners and Raymond James Financial Services, Inc. Has 41 Customer Complaints For Alleged Broker Misconduct

Who is Michael Shillin formerly with Formerly With A.G.P. / Alliance Global Partners?

Michael Shillin

Michael Shillin (CRD #5927156) who was formerly registered with A.G.P. / Alliance Global Partners and located in Altoona, Wisconsin, is a subject of one of our many securities industry sales practice abuse investigations. Prior to A.G.P. / Alliance Global Partners, Michael Shillin was associated with Raymond James Financial Services, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Michael Shillin has had serious regulatory problems, both criminal and civil prosecutions. In August 2022 he pled guilty to 10 counts of fraud and was sentenced to 84 months in prison. The SEC and other state regulators filed actions against him and he has been permanently barred from the securities industry for allegedly making numerous material misrepresentations to at least 100 advisory clients to entice them to place or keep their funds under his advisory management.

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Michael Shillin Customer Complaints

Michael Shillin has been the subject of 41 customer complaints that we know about to recover investment losses. Twenty-four of the customer complaints have been settled by Michael Schillin’s former employers in favor of the investors. There are 12 FINRA arbitration proceedings pending for his alleged misconduct. Five of the customer complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Michael Shillin

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Advisor misrepresented that he bought private securities in claimant’s accounts when he did not actually buy them.
  • Failure to properly manage customer’s account. Misrepresentation of insurance coverage.
  • Misrepresentation that withdrawals from customer’s accounts were nontaxable.
  • Misrepresentation of the performance of portfolio.
  • Misrepresentation of investments in portfolio.
  • Exercise a discretion without written authority.
  • Guarantees that customers would not lose any principal in their account.
  • Misrepresentation the customer owned SpaceX securities.
  • Misrepresentation of features of insurance policy.

Michael Shillin Red Flags & Your Rights As An Investor

Of course, Michael Shillin did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Shillin at A.G.P. / Alliance Global Partners and Raymond James Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Shillin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at A.G.P. / Alliance Global Partners and Raymond James Financial Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At A.G.P. / Alliance Global Partners Due To Michael Shillin

If you have questions about A.G.P. / Alliance Global Partners, Raymond James Financial Services, Inc. and/or Michael Shillin and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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