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Investor Lawyers BlogSEC Files Fraud Charges Against Barred Broker Michael Shillin Who Is Named In 37 Disputes
Former Wisconsin Financial Advisor is Accused of Defrauding at Least 100 Advisory Clients
Michael Francis Shillin, who was barred by the Financial Industry Regulatory Authority (FINRA) and Wisconsin’s Officer of the Commissioner of Insurance (OCI) in January 2021, is now facing Securities and Exchange Commission (SEC) charges.
The regulator is accusing the previously registered broker and investment advisor of defrauding at least 100 investment advisory clients, including many elderly investors. The SEC brought its case in September 2021.