In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
Soreide Law Group is representing our clients (Claimants) in a FINRA arbitration against:
WINTRUST INVESTMENTS LLC (Respondent)
The Claimants reside in Florida, are retired and they are disabled. The Respondent and their Financial Advisor, Cataldo Panici (Carlo Panici), allegedly understood that the Claimants did not want to take any unnecessary risks with their investments. The lawsuit alleges that the WINTRUST INVESTMENTS and Financial Advisor, Cataldo Panici, who is not named in this lawsuit, allegedly made a series of transactions that generated commissions, and these investments allegedly utilized leverage and were speculative. The Claimants were sold Northstar Healthcare REIT, FEI, a First Trust MLP fund, and the Guggenheim Credit Fund. These investments, the lawsuit alleges, were far too risky for Claimants’ conservative investment goals.
As the Claimants’ advisor, according to the lawsuit, WINTRUST INVESTMENTS should have acted in the Claimants’ best interest. Allegedly, the Respondent purchased speculative investments for the Claimants’ portfolios. Due to these purchases, the lawsuit alleges, the Claimants have suffered significant damages of at least $150,000.
The lawsuit alleges WINTRUST INVESTMENTS’ actions in this case constitute: breach of contract, negligent supervision, breach of fiduciary duty, and violations of FINRA rules.
First Trust MLP and Energy Income Fund (FEI) is down 52% YTD. FEI’s annual expenses are over 4% and 15% of the portfolio is leveraged. Please see our recent blog post: https://www.securitieslawyer.com/fei/
Also, our blog post on the very high-risk Northstar Healthcare REIT: https://www.securitieslawyer.com/northstar-healthcare/
If you've also suffered losses due to the actions or recommendations of WINTRUST INVESTMENTS LLC, and/or their registered representative, Cataldo Panici of Frankfort, Illinois, contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your investment losses at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and will represents clients nationwide before FINRA.
In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
Centaurus Financial appears as the firm on a pending customer arbitration against Brett Ewing (CRD 2904608). The customer filed it on September 14, 2026. According to BrokerCheck, the customer alleges that Ewing recommended unsuitable, illiquid investments from February 2016 through February 2019. Ewing denies the allegations, and no arbitrator has ruled.
FINRA found that Eric Kleiner (CRD 4135180) refused to provide documents and information it requested during an investigation. Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings.
Phone:
Fax: 1-954-760-6553
Email: [email protected]