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Thrivent Advisor Mike Shackel Received $185K Complaint
Woodridge, Illinois financial advisor Mike Shackel (CRD# 4157324) recently received an investor complaint alleging six-figure damages stemming from a variable annuity investment. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Thrivent Investment Management.
Mr. Shackel’s BrokerCheck report discloses one investor complaint. Filed in October 2022, it alleged that as a representative of Thrivent Investment Management, he did not disclose the surrender charge associated with variable annuity contracts issued in January 2021. The complaint alleged additionally that Mr. Shackel “was not licensed” in Tennessee and “did not offer optional death benefits available with the contracts.” The complaint alleged damages of $185,074.97 and was denied by the firm.
Investors should be aware that when a customer complaint is denied by the FINRA member firm that receives it, this denial does not necessarily indicate that the claim was groundless. Investors can still seek a recovery through other avenues, such as FINRA arbitration proceedings.
According to the Financial Industry Regulatory Authority, Mike Shackel holds 22 years of securities industry experience. Based in Woodridge, Illinois, he has been a broker and an investment advisor with Thrivent Investment Management since 2000 and 2004, respectively. He has no previous registrations. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is currently licensed in Florida, Illinois, Indiana, and Missouri. (Information current as of December 15, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.