Soreide Law Group discusses the FINRA BrokerCheck disclosures on securities broker Cataldo Panici “Carlo Panici” (CRD#: 2112617, Frankfort, Illinois). Evidently, Panici worked as a securities broker or financial advisor for Banc of America Investment Services. He then joined Wintrust Investments in 2009. For more information on the allegations against this securities broker, read the following summary of disclosures as reported on BrokerCheck.
Notably, FINRA BrokerCheck shows that a Wintrust Investments client objected to Cataldo Panici’s sales practices. The client brought an arbitration claim in May 2020. They contend that Panici failed to meet his fiduciary duty. Supposedly, Panici caused the client to experience damages as a result of his actions relating to a non-traded REIT and mutual fund. But the securities broker denies the allegations of unreasonable sales practices. Still, it appears that Wintrust Investments opted to resolve this matter by paying the client $12,500 in damages, according to a settlement in June 2022.
Specifically, a client of Banc of America Investment Services expressed concerns about Cataldo Panici’s sales practices, according to a dispute listed on BrokerCheck in October 2009. It appears that Panici or his employer caused damages to the client through their mutual fund investments. The investor’s dispute against the securities firm alleges unsuitable trading. However, the securities firm and broker disagreed with the allegations and denied the client’s dispute. It appears that a judge dismissed this case.
Did you realize losses because of securities broker Cataldo Panici? You can contact Soreide Law Group at (888) 760-6552 to speak with a helpful securities attorney about possibly recovering your losses. Soreide Law Group represents investor clients on a contingency fee basis and advances all costs. The firm has recovered considerable compensation for a lot of investors who have incurred damages from securities brokers and financial advisors. Please note that Panici denies all accusations of inappropriate sales practices.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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