Wisconsin Advisor Barred After Allegations of Material Misrepresentations

Posted on January 12th, 2022 at 12:13 PM
Wisconsin Advisor Barred After Allegations of Material Misrepresentations

From the Desk of Jim Eccleston at Eccleston Law:

The Securities and Exchange Commission (SEC) has barred an Appleton, Wisconsin-based advisor, Michael Shillin. 

Shillin, who worked for Alliance Global Partners and also served as managing member of Shillin Wealth Management, agreed to the settlement without admitting or denying the SEC’s findings. The SEC’s complaint alleged that Shillin made several material misrepresentations to nearly 100 clients in an effort to convince them to invest their funds under his oversight between August 2014 and October 2020. 

Shillin’s misrepresentations included misstatements and omissions of material fact pertaining to the nature of his clients’ investments, false claims that he had invested client funds in initial public offerings (IPOs), and falsified claims regarding the value of clients’ investments, according to the SEC. The SEC’s bar prevents Shillin from associating with any broker-dealer or investment advisor.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, sec, advisor barred

Return to Archive

TESTIMONIALS

Previous
Next

I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

January 25, 2022
Top FINRA Initiatives For 2022

A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.

January 24, 2022
FINRA Set To Issue Crypto Notice And Consider Expungement Reform

The Financial Industry Regulatory Authority (FINRA) is set to issue a regulatory notice pertaining to cryptocurrency as well as expungement reform.

January 21, 2022
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.