Richard Panno At Center Of Buckman Buckman Reid Client Complaint About Failure To Supervise

Investors reportedly complained about securities broker Richard Anthony Panno [CRD: 724727, North Palm Beach, Florida], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Panno has worked for Buckman, Buckman Reid Inc. since April 28, 2010. Keep reading to learn more about disclosures involving Panno.

Buckman Buckman Reid Investor Accused Panno Of Failure To Supervise

Evidently, on August 24, 2024, a Buckman Buckman Reid client filed FINRA Arbitration No. 24-01778 about Richard Panno. The client alleged that Panno failed to supervise certain representatives. Because of this, the client allegedly sustained damages on options. Therefore, the client requested $2,250,000.00 in compensation from Buckman Buckman Reid or Panno. This arbitration is pending a resolution.

Richard Panno Disclosed Failure To Supervise Allegations By Buckman Buckman Reid Client

Particularly, a client of Buckman Buckman Reid disputed Richard Panno’s sales practices by bringing FINRA Arbitration No. 17-01991. Allegedly, Panno failed to supervise certain representatives. It appears that Panno caused the client to sustain damages linked to over-the-counter equities and stocks. As a result, Buckman Buckman Reid agreed to settle the matter on October 28, 2018, by paying $85,000.00.

Were You Impacted By Financial Advisor / Securities Broker Panno?

Do you need clarification on any investment losses relating to Richard Panno? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer concerning a potential recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the country. The firm also takes cases on a contingency fee basis and advances all costs. Panno and brokerage firms Panno worked for deny accusations of sales practice violations.