Andrew Montgomery Costa Allegedly Allowed an Unlicensed Individual to Sell an Investment to a Claimant Using the Facilities of the Broker-dealer
Andrew Montgomery Costa, November 2016, allowed an unlicensed individual to sell an investment to the claimant using the facilities of the broker-dealer, according to to a Pending Customer Dispute filed on Costa’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.
The aforementioned dispute was filed on October 24, 2018, FINRA states, and requested damages of $100,001.00. The claimant further alleges that multiple sales practice violations were committed in connection with the sale, FINRA notes.
A second Pending Customer Dispute alleges that, in January of 2016, plaintiffs allegedly purchased the product at issue through a different individual and not Costa, FINRA states. The Damage Amount Requested is $696,500.00, FINRA notes.
Andrew Costa is also the subject of a third Pending Customer Dispute wherein the Claimant alleges he was a client of Costa, and Costa allegedly recommended and sold product at issue to claimant, FINRA reports. However claimant was allegedly neither a client nor was the product at issue recommended or sold to claimant by respondents, FINRA states.
The Damage Amount Requested is $700,000.00, FINRA notes.
Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Andrew Costa’s allegedly allowing an unlicensed individual to sell an investment to a claimant. Investors who believe they may have lost money in activity related to Andrew Costa’s allegedly allowing an unlicensed individual to sell an investment to a claimant are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Invested with Andrew Costa?
Andrew Costa Has 6 Disclosures on His FINRA BrokerCheck Report
Andrew Montgomery Costa has 6 disclosures on his FINRA BrokerCheck Report, has 12 years in the securities industry, and is currently registered with Madison Avenue Securities, LLC in Fort Lauderdale, FL, FINRA states. He has been with the firm since August 7, 2017, FINRA notes.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Invested with Andrew Costa?
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Andrew Costa’s allegedly allowing an unlicensed individual to sell an investment to a claimant. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Andrew Costa’s allegedly allowing an unlicensed individual to sell an investment to a claimant may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.