Cataldo Panici Allegedly Misinformed His Customers

Cataldo Panici (CRD #: 2112617), a broker registered with WinTrust Investments, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 5, 2024. This is the third investor dispute on his record. 

Investor Allegations 

On January 9, 2024, investors alleged that Cataldo Panici misinformed his customers and mismanaged the client account, resulting in substantial losses. The dispute specifically mentions Northstar and Griffin Capital REITs and states that Cataldo Panici represented that these investments would give good dividends that could be used to grow their children’s college fund. Finally, the investors alleged that Cataldo Panici took advantage of an elderly couple and that their diminished capacity caused considerable loss. 

The investor is seeing $355,000. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Cataldo Panici has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 22 states and is a registered investment adviser in Illinois. 

During his 31 years of experience, he has registered with nine firms. These are the four most recent: 

• Banc of America Investment Services (CRD #: 16361) 
• LaSalle Financial Services (CRD #: 20373) 
• Ameritas Investment Corp. (CRD #: 14869) 
• Harris Investorline (CRD #: 6580)

Kurta Law Can Help 

If you have worked with Cataldo Panici and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.