Andrew Ciccone: Kestra, Ex-Schwab Advisor Lands $500K Complaint

Austin, Texas financial advisor Andrew Ciccone (CRD# 6864958) recently received an investor complaint alleging that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Kestra Investment Services, having previously been registered with Charles Schwab & Company.

Mr. Ciccone’s BrokerCheck report discloses one investor complaint. Filed in May 2025, it alleges that as a representative of Charles Schwab & Company, he provided trading guidance and strategies that were not in the customer’s best interest. The pending complaint alleges damages of $500,000.

Kestra Investment Management’s website includes a profile of Mr. Ciccone that describes his role as a trader at the firm. “His main responsibilities include trading and execution, portfolio construction, transition analysis, and investment strategy due diligence, with a focus on derivatives,” it explains. “Prior to joining Kestra, Andrew spent seven years at TD Ameritrade and then Charles Schwab where he worked in various roles in trading and risk management. His roles focused on derivatives in options, futures and leverage in Regulation T (provisions governing cash accounts and credit) and Portfolio Margin Risk.”

According to the Financial Industry Regulatory, Andrew Ciccone holds seven years of securities industry experience. Based in Austin, Texas, he has been registered as a broker with Kestra Investment Services since May 2024. HIs past registrations include Charles Schwab & Company (Westlake, Texas; 2023-2024) and TD Ameritrade (Westlake and Southlake, Texas; 2017-2024). His credentials include the passage of four securities industry qualifying exams: the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 53 state licenses. (Information current as of June 19, 2025.)

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