Can you recover losses due to investments with Former LPL Financial LLC broker Michael Frost (CRD# 2000358)? He has been registered with Cetera Advisors LLC in Colorado Springs, Colorado, since 2025. He was registered with LPL Financial LLC in Colorado Springs, Colorado, from 2017 to 2025, and National Planning Corporation in Colorado Springs, Colorado, from 2014 to 2017.
Michael Frost Customer Complaints
He has been the subject of four customer complaints between 2004 and 2026, two of which were denied, according to his CRD report. The complaint was regarding:
May 2026. “Customer alleges the registered representative misrepresented investments made from December 2015 through September 2025.” The customer is seeking $899,060.45 in damages, and the case is currently pending. The complaint took place while he was registered with LPL Financial LLC and National Planning Corporation.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Michael Frost’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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