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Wintrust Investments LLC Broker Cataldo Panici Investment Loss Options

Posted on Monday, January 10th, 2022 at 8:43 pm    

Wintrust Investments LLC

There are options for clients of Wintrust Investments LLC broker Cataldo Panici (CRD# 2112617) who suffered investment losses. Cataldo Panici has been registered with Wintrust Investments LLC in Frankfort, Illinois since 2009. 

Cataldo Panici REIT Losses

Cataldo Panici has been the subject of two customer complaints between 2009 and 2020, according to his CRD report:

May 2020. “Clients allege firm and representative failed to meet its fiduciary duty and purchased speculative investments for which the clients have suffered significant damages.” The customer is seeking $150,000 in damages and the case is currently pending. The complaint was regarding mutual funds and non-traded real estate investment trusts (REITs).

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wintrust Investments LLC may be liable for investment or other losses suffered by Cataldo Panici’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.