ANDREW JOHN BILOTTA

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.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

To view the full report for ANDREW JOHN BILOTTA, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.