Advisor Alert: Our Attorneys Are Investigating Cataldo Panici For Investment Fraud
Did You Lose Money Because of Cataldo (Carlo) Panici?
Filed: February 27, 2024
Cataldo Panici (also known as Carlo Panici) currently has one (1) pending customer complaint. Overall, he has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Cataldo Panici.
Who Is Cataldo Panici of Wintrust Investments LLC?
- Advisor Name: Cataldo Panici
- Aliases: Carlo Panici
- CRD: 2112617
- Location: Frankfort, Illinois
- Current Employer: Wintrust Investments LLC
- Previous Firms: Bank of America Investment Services, Inc. and Lasalle Financial Services, Inc.
- Number of Known Customer Complaints: 3
- Can Cataldo Panici Be Sued: Yes, in Private Arbitration
- Can Cataldo Panici’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,085,042.45
- Highest Settlement: $12,500
If you have suffered investment losses by Cataldo Panici, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Cataldo Panici For Broker Misconduct
As of this publication date, Cataldo Panici has been the subject of 3 customer disputes. Let’s review them below.
In January 2024, a FINRA arbitration was filed against or in reference to Cataldo Panici by a customer of Wintrust Investments LLC alleging that Mr. Panici misinformed and mismanaged the client account resulting in substantial losses. Per the customer, he/she lost over $355,000 because of Mr. Panici’s actions. As of this publication date, this claim remains pending.
In May 2020, a FINRA arbitration was filed against or in reference to Cataldo Panici by multiple customers of Wintrust Investments LLC alleging that the firm and Mr. Panici failed to meet its fiduciary duty and purchased speculative investments for which the clients have suffered significant damages. Per the customers, they lost over $150,000 because of Mr. Panici’s actions. On June 2, 2022, Mr. Panici settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Panici’s employer and/or insurance carrier.
In November 2009, a complaint was filed against or in reference to Cataldo Panici by multiple customers of Bank of America Investment Services, Inc. alleging unsuitable investments in mutual funds during the time period of June 2008 through April 2009. Per the customers, they lost over $1,085,042.45 because of Mr. Panici’s actions.
How To File A Claim Against Cataldo Panici of Wintrust Investments LLC (previously with Bank of America Investment Services, Inc. and Lasalle Financial Services, Inc.) To Get Your Money Back
If you have questions about Cataldo Panici, Wintrust Investments LLC, Bank of America Investment Services, Inc., Lasalle Financial Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.