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Broker Misconduct Investigation: Andrew Ciccone (Charles Schwab)

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Updated on: June 23, 2025

National investment loss lawyers KlaymanToskes is investigating broker Andrew Ciccone (CRD# 6864958) formerly of Charles Schwab & Co. 

According to FINRA BrokerCheck, broker Andrew Ciccone is currently involved in a customer complaint alleging between $500,000 and $1,000,000 in damages. The complaint alleges that the representative provided specific trading guidance and trading strategies that were not in the client’s best interest. The complaint allegedly relates to Options trading.

Investors that suffered losses with broker Andrew Ciccone are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Former Charles Schwab Broker Andrew Ciccone Hit with Customer Dispute

Financial advisor Andrew Ciccone formerly of Charles Schwab & Co., is currently involved in a customer dispute, according to Financial Industry Regulatory Authority (“FINRA”) records. The customer complaint alleges up to $1,000,000 in damages. The customer alleges trading guidance and trading strategies involving Options were not in their best interest. Ciccone is currently registered with Kestra Investment Services in Austin, TX. Ciccone was previously registered as a broker with Charles Schwab & Co. from March 2023 to May 2024 in Westlake, TX.

Investment Losses with Broker Andrew Ciccone?

Investment Losses with Broker Andrew Ciccone?

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Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Andrew Ciccone, or have concerns regarding your investment portfolio at Charles Schwab & Co, Kestra Investment Services, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.