Andrew Andreotta (CRD #6980955) Has Customer Dispute and Financial Disclosures on FINRA BrokerCheck

Andrew Andreotta (CRD #6980955) is a broker with customer dispute and financial disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 5, 2026. It reflects two customer disputes and one financial disclosure. If you invested with Andrew Andreotta and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Andrew Andreotta FINRA BrokerCheck Report reflects two customer dispute disclosures. A summary of the disputes is below:

On February 26, 2026, customers alleged their signatures were forged on a wire request form dated November 21, 2025. They also alleged they did not authorize the related transfer of funds. Andrew Andreotta FINRA BrokerCheck lists the matter as pending. The report lists insurance as the product type. It says the allegations relate to brokerage and advisory accounts.

On October 1, 2024, claimants alleged funds from their securities account paid fixed life insurance premiums. They alleged the policy was unsuitable and was not represented properly. Andrew Andreotta FINRA BrokerCheck lists alleged damages of $50,000. The matter settled on December 15, 2024, for $32,500. No individual contribution was reported.

Financial Disclosures

Andrew Andreotta FINRA BrokerCheck Report reflects one financial disclosure. A summary of the disclosure is below:

On August 26, 2019, Andrew Andreotta reported a compromise with Nationwide Credit Inc. Andrew Andreotta FINRA BrokerCheck lists the original amount owed as $14,769.78. The matter was settled for $3,692.45. It was satisfied or released on August 26, 2019. His statement says the debt was joint marital debt. It also says he paid a settlement to move forward.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires attention to the customer’s investment profile. Disputes about unsuitable insurance recommendations may raise suitability issues.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor. It also requires just and equitable principles of trade. Claims about unauthorized transfers or reused documents may raise questions under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Andrew Andreotta’s FINRA BrokerCheck report, Andrew Andreotta:

Is currently registered with LPL Financial LLC.

Is licensed in 20 U.S. states and territories through LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Andrew Andreotta has passed Series 7 and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with Park Avenue Securities LLC.

Kurta Law Can Help

If you have worked with Andrew Andreotta and have concerns about his activity, Kurta Law may be able to help. A securities attorney can assess potential causes of action. You may be entitled to pursue recovery through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.