ANDREW ANDREOTTA – Employment Separation After PARK AVENUE SECURITIES Allegations – May Recover Investor Losses
ANDREW ANDREOTTA – Employment Separation After PARK AVENUE SECURITIES Allegations.
Andreotta was permitted to resign while Park Avenue Securities LLC was conducting an investigation in connection with a customer complaint, according to FINRA.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
CRD#: 6980955
ANDREW ANDREOTTA (CRD#: 6980955), a registered representative for KOVACK SECURITIES INC. in Hendersonville, TN, voluntarily resigned from his former employer, Park Avenue Securities LLC. According to Park Avenue Securities, The RR was permitted to resign while the Firm was conducting an investigation in connection with a customer complaint previously disclosed on Form U4 alleging forgery and unauthorized wire transactions. The investigation uncovered violations of firm policy related to off platform communications.
Customer Complaint Allegations:
The customers submitted a notarized affidavit of forgery alleging that their signatures on a wire request form dated November 21, 2025 were forged and that they did not authorize the associated transfer of funds. The customers further allege that additional account documentation was reused or included in connection with other transactions without their knowledge and that related fund transfers were effected without their authorization. FINRA reports this complaint as “settled”.
ANDREW ANDREOTTA – Employment Separation After PARK AVENUE SECURITIES Allegations.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 7/27/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.