Last Updated: June 2025 – Austin, TX
Here’s what you need to know about Austin, TX, stockbroker Andrew Ciccone:
- Name: Andrew John Ciccone
- CRD Number: 6864958
- Current Employer: Kestra Investment Services, LLC
- Prior Employers: Charles Schwab & Co., Inc.; TD Ameritrade, Inc.; TD Ameritrade Clearing, Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Austin, TX
- Can Andrew Ciccone be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute Seeks Damages: Between $500,000 and $1,000,000
If you’ve sustained damages from Mr. Ciccone, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Andrew Ciccone As Your Stockbroker?
In a pending FINRA arbitration claim filed on May 23, 2025 (Case No. 25-01043), a customer of Charles Schwab & Co., Inc. alleges that Andrew Ciccone provided specific trading guidance and strategies involving options that were not in the client’s best interest. The customer is seeking compensatory damages currently estimated between $500,000 and $1,000,000.
Allegations of Broker Misconduct Against Andrew Ciccone
Andrew Ciccone has been named in a pending customer dispute alleging:
- Unsuitable investment recommendations involving options trading
- Failure to act in the client’s best interest, a potential violation of FINRA Rule 2111, which mandates that brokers have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer.
What is Option Trading? According to the U.S. Securities and Exchange Commission (SEC) “Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time.”
This right to purchase or right to sell at a set price for a set period of time allows investors to potentially profit not only from the rise in price, but also the decline. “Call” options grant the investor the right to buy a security at a set price for a set period of time. “Put” options give the investor the right to sell a security a set price for a set period of time.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Andrew John Ciccone, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.