Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers has launched a formal investigation into Mike Frost (CRD# 2000358), a Colorado Springs, Colorado-based financial advisor currently registered with Cetera Advisors LLC and doing business as Frost Financial Group. Our firm has received inquiries regarding investor complaints and potential red flags involving this advisor, and we are deploying our insider knowledge and nearly a century of combined experience to help affected investors.
As former Wall Street defense attorneys with a 98% success rate across hundreds of investor claims and experience in securities matters involving over $520 million, we fight to recover lost funds and hold advisors accountable. If you believe your investments may have been misrepresented or mishandled, we encourage you to contact us for a free and confidential consultation at 1-888-885-7162.
What You Need to Know About Mike Frost (Cetera Advisors LLC – Colorado Springs, CO)
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Our attorneys are performing a comprehensive review of Mike Frost’s conduct and investment advisory history. According to publicly available data, Mr. Frost is registered with Cetera Advisors LLC in Colorado Springs and operates under the Frost Financial Group name. His industry tenure spans approximately 35 years and includes prior associations with LPL Financial LLC and National Planning Corporation, both referenced in an investor complaint involving alleged misrepresentation in connection with variable life insurance investments.
| Field | Value |
|---|---|
| Advisor Name | Mike Frost |
| Advisor CRD Number | 2000358 |
| Current Firm | Cetera Advisors LLC |
| Doing Business As | Frost Financial Group |
| Prior Firms Referenced in Customer Complaints | LPL Financial LLC, National Planning Corporation, Walnut Street Securities, Inc. |
Overview of Complaints and Red Flags Involving Mike Frost
Our investigation relies on a careful review of FINRA BrokerCheck records, regulatory filings, and other publicly available sources. The following is a specific list of customer complaints and allegations involving Mr. Frost reflected in those records:
- May 2026: A customer complaint filed against Mike Frost alleges that, while associated with National Planning Corporation and LPL Financial LLC, he misrepresented material facts in connection with the sale of a variable life insurance investment. The claimant seeks damages of $899,060.45. The matter is reported as pending.
- 2007: An earlier customer complaint alleged that Mr. Frost, while associated with Walnut Street Securities, Inc., acted dishonestly and deceitfully in connection with a variable annuity product. That matter settled for $19,825.42.
No other customer disputes, arbitration claims, or regulatory enforcement actions were identified in the materials reviewed for this summary. However, public regulatory databases may not always reflect the most recent developments immediately, and additional claims or disclosures may arise over time. For the most current information, investors should review Mr. Frost’s FINRA BrokerCheck profile directly.
Regulatory and Background Information
- Current Registration: Cetera Advisors LLC
- Business Name: Frost Financial Group
- Prior Associations: LPL Financial LLC, National Planning Corporation, Walnut Street Securities, Inc., and others
- Examinations: Series 6, Series 7, Series 63, and Securities Industry Essentials (SIE)
- State Registrations: Publicly available records reflect multiple state registrations
- Regulatory Disclosures Reviewed: No reported FINRA, SEC, or state enforcement actions, suspensions, or criminal disclosures were identified in the sources reviewed for this summary
Understanding Misrepresentation and Investor Rights
Allegations of misrepresentation are serious. FINRA rules prohibit misleading and deceptive conduct in the offer or sale of securities-related products. For example:
- FINRA Rule 2020: Brokers may not use manipulative, deceptive, or fraudulent devices in connection with securities transactions.
- FINRA Rule 2111: Brokers must have a reasonable basis to believe that an investment recommendation is suitable for the customer based on that investor’s financial situation, objectives, risk tolerance, and other relevant factors.
If material facts were omitted or inaccurately described, investors may be exposed to products they did not fully understand or that were not appropriate for their needs. In certain circumstances, investors may have the right to pursue recovery through FINRA arbitration, mediation, or other legal avenues.
Why Investors Choose Our Firm
For decades, we have represented individuals harmed by negligent or deceptive financial advisors and brokerage firms. Investors turn to us because of our:
- 95+ years of combined securities law experience
- 98% success rate across hundreds of investor claims
- Experience in cases involving over $520 million in securities matters
- Recognition among the Top 2% of peer-reviewed firms (Martindale-Hubbell AV Preeminent)
- Super Lawyers-designated attorneys
- 5.0-star client reviews
- No recovery, no fee
When you work with us, you benefit from the insider knowledge we developed while defending Wall Street firms, experience we now use to advocate for investors.
Warning Signs for Investors Working with Mike Frost or Cetera Advisors LLC
Red flags such as repeated allegations involving misrepresentation or unsuitable product recommendations should prompt investors to review their accounts carefully. If you purchased variable life insurance, annuities, or other complex financial products through Mike Frost, Cetera Advisors LLC, or a prior affiliated firm, consider taking the following steps:
- Review account statements, applications, and written communications with your advisor
- Determine whether you were fully informed about fees, risks, surrender charges, and product features
- Check for unauthorized transactions or recommendations you did not understand
- Document any losses, liquidity concerns, or discrepancies
- Consult a qualified securities attorney if you suspect misrepresentation, unsuitable recommendations, or other misconduct
Your Next Step: Get a Free, Confidential Case Review
If you or a loved one invested with Mike Frost of Cetera Advisors LLC in Colorado Springs, or during his time at LPL Financial LLC or National Planning Corporation, and you have questions or believe you suffered investment losses, our attorneys are available to help evaluate your situation.
Contact us for a free, no-obligation consultation at 1-888-885-7162. Our investigation is ongoing, and deadlines may limit the time available to pursue a claim. With our experience, dedication, and no recovery, no fee promise, we are prepared to fight for your financial recovery.
