ANDREW JOHN BILOTTA is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 92 LANCASTER AVENUE, SUITE 205, DEVON, PA, 19333.
ANDREW JOHN BILOTTA has worked at RAYMOND JAMES & ASSOCIATES, INC. since November 16, 2007
Disclosure History
ANDREW JOHN BILOTTA has 2 Disclosure Event(s).
Date: July 24, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT THE GENESIS HEALTH CORPORATE BONDS RECOMMENDED BY MR.BILOTTA WERE UNSUITABLE FOR HIS ACCOUNT. Damage Amount Requested: $18,300.00 Settlement Amount: $9,999.00 Broker Comment: TO AVOID THE COST AND UNCERTAINTIES OF LITIGATION MERRILL LYNCH MADE A BUSINESS DECISION TO SETTLE THIS MATTER FOR $9,999.00.
Date: May 08, 1995 Category: Customer Dispute Allegations: CUSTOMER ALLEGE THAT MR. BILOTTA SHOULD NOTHAVE RECOMMENDED THAT THEY CONTINUE TO HOLD A PREVIOUSLYPURCHASED BLOCK OF NATIONAL MEDICAL ENTERPRISE STOCK AS THEPRICE DECLINED OVER A PERIOD OF TIME. CUSTOMERS ALLEGE THATTHE BROKER SHOULD HAVE TOLD THEM TO SELL. DAMAGES OF $457,500ARE ALLEGED. AS DISCOVERY PROGRESSED, THE CUSTOMERS CASEFOCUSED ON THE ACCURACY OF MERRILL LYNCH'S RESEARCH AND NOT MR.BILLOTTA'S PASSIVE CONDUCT OF MERELY PROVIDING THE CUSTOMERSWITH COPIES OF RESEARCH REPORTS. Damage Amount Requested: $457,500.00 Settlement Amount: $155,000.00 Broker Comment: CASE SETTLED FOR $155,000 SOLELY TO AVOID THEEXPENSES AND UNCERTAINTIES OF AN ANTICIPATED LENGTHY OUT OFTOWN ARBITRATION. THIS SETTLEMENT IS IN NO WAY ATTRIBUTABLE TOMR. BILLOTTA'S CONDUCT.ALL CLAIMS OF WRONGDOING AND LIABILITY AND ALLCLAIMS FOR DAMAGES ARE DENIED. THE CUSTOMERS MADE ALLINVESTMENT DECISIONS AND CONTROLLED THE ACTIVITY IN THEIRACCOUNT.
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