Andrew Montgomery Costa and Madison Avenue Securities Under Investigation

Andrew Montgomery Costa (CRD# 4847063) is being investigated by the Blum Law Group for, among other things, recommending to investors the purchase of Woodbridge FPCMs (First Position Commercial Mortgages) and other investments.  According to the SEC there may be a viable FINRA arbitration claim or court action if the brokerage firm or individual did not perform adequate due diligence before recommending the Woodbridge investment.  Moreover, the SEC has ” now moved forward alleging that Woodbridge was a Ponzi scheme which is red flag for note investors.” Andrew Montgomery Costa is currently employed by Madison Avenue Securities, LLC. (CRD# 23224).  He was previous employed by G.F. Investment Service, LLC (CRD# 132939) from 2010 to 2017.  Prior to that Andrew Montgomery Costa worked at Costa Financial Securities, Inc, (CRD# 45039) in Boca Raton FL.  Costa Financial Securities, Inc was expelled from FINRA in March of 2008.  The…

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