Michael Slabic is the Subject of a Variable Annuity Dispute
Michael Slabic (CRD #: 2885893), a broker registered with Northwestern Mutual Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 10, 2024. Keep reading if you have questions regarding his alleged conduct.
Investor Allegations
On July 15, 2024, an investor alleged that Michael Slabic pressured him into converting his variable annuity into a fixed-income annuity. The investor sought $286,338.58 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover losses following a denial.
Variable Annuities
Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying securities. Surrender charges, tax penalties, and other fees can make these policies unsuitable.
Background Information
Michael Slabic has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products/ Variable Contracts Representative Examination
He has registered with two firms: Northwestern Mutual Investment Services (CRD #: 2881) and Robert W. Baird & Co. (CRD #: 8158).
Kurta Law Can Help
If you worked with Michael Slabic and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.