Joseph Andreoli (CRD#: 1718688), a registered representative with Raymond James & Associates, Inc. in Hackensack, New Jersey, became involved in a customer dispute on August 26, 2019 in which a client alleges that he “made unsuitable investments,” according to his BrokerCheck record accessed on September 17, 2019. The dispute is pending.
This is not the only disclosure on Joseph Andreoli’s BrokerCheck report. On March 8, 2010, he was sued for $1 million, also over suitability. The matter was eventually settled for $175,000.
On July 26, 2000, a client brought a claim against Joseph Andreoli, Jr. alleging “unsuitability, negligence, breach of contract, breach of fiduciary duty, fraud, violation of industry rules, federal securities law and Texas statutes regarding trading of treasury bonds on margin for capital gains.” The claimant was seeking $196,275.88 in punitive and compensatory damages. On May 21, 2001, Joseph Andreoli, Jr. lost the arbitration. The matter was settled for $56,555. A copy of the arbitration award can be viewed here. Treasury bonds are backed by the U.S. federal government and have a maturity of more than 10 years.
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