Andrew Andreotta: Park Ave Advisor Resigned over Forgery Allegations

Hendersonville, Tennessee financial advisor Andrew Andreotta (CRD# 6980955) resigned from his former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that the former Park Avenue Securities representative is now registered as a broker with Kovack Securities and an investment advisor with Kovack Advisors.

Mr. Andreotta’s BrokerCheck report discloses his resignation from Park Avenue Securities. Filed in April 2026, it states that the firm permitted him to resign while it was “conducting an investigation in connection with a customer complaint previously disclosed on Form U4 alleging forgery and unauthorized wire transactions.” The disclosure states that the firm’s probe “uncovered violations of firm policy related to off platform communications.”

Another disclosure on Mr. Andreotta’s BrokerCheck report concerns an investor complaint against him. Filed in 2024, it alleged that as a representative of Park Avenue Securities, he misrepresented and recommended an unsuitable insurance policy. The complaint reached a settlement of $32,500.

According to the Financial Industry Regulatory Authority, Andrew Andreotta holds six years of securities industry experience. Based in Hendersonville, Tennessee, he has been registered as a broker with Kovack Securities and an investment advisor with Kovack Advisors since May 2026. His past registrations include Park Avenue Securities and LPL Financial. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7TO; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 9 state licenses. (Information current as of July 21, 2026.)

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