Last Updated: March 2026 — North Palm Beach, FL
Here’s what you need to know about North Palm Beach, FL stockbroker Richard Panno:
- Name: Richard Anthony Panno
- CRD Number: 724727
- Current Employer: Buckman Buckman & Reid, Inc. (since 2010)
- Prior Firms:
- VFinance Investments, Inc. (2007–2010)
- Brookstreet Securities Corporation (2006–2007)
- Avalon Research Group, Inc. (2005)
- Sterling Financial Investment Group, Inc. (2003–2005)
- Avalon Research Group, Inc. (2000–2003)
- Sterling Financial Investment Group (1999–2000)
- Financial Independence Systems, Inc. (1999)
- North American Institutional Brokers (1997–1998)
- AIBC Investment Services Corporation (1997)
- Nichols, Safina, Lerner & Co., Inc. (1996–1997)
- Deltec Asset Management Corporation (1990–1996)
- Blinder, Robinson & Co., Inc. (1981)
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Highest Award of Settlement: $1,250,000
If you’ve sustained damages from Mr. Panno, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard Panno As Your Stockbroker?
$1,250,000 Settlement – Failure to Supervise Options Trading (2025)
A FINRA arbitration alleged supervisory failures relating to options trading while Mr. Panno was associated with Buckman Buckman & Reid.
- FINRA Case No.: 24-01778
- Settlement Amount: $1,250,000
- Resolution Date: June 5, 2025
$85,000 Settlement – Poor Investment Recommendations (2018)
A FINRA arbitration alleged that a representative made unsuitable recommendations involving listed equities and OTC securities during the period when Mr. Panno served in a supervisory or compliance role.
- FINRA Case No.: 17-01991
- Settlement Amount: $85,000
- Resolution Date: October 28, 2018
The claim involved equities traded on both listed exchanges and over-the-counter markets.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Allegations of Broker Misconduct Against Richard Anthony Panno
- Failure to Supervise — Brokerage supervisors must reasonably oversee representatives and their trading activities under FINRA Rule 3110.
- Unsuitable Investment Recommendations — Recommending equities or options inconsistent with a client’s financial profile may violate FINRA Rule 2111.
- Options Trading Risks
- Compliance Oversight Failures
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Buckman, Buckman & Reid Brokers
If you have suffered investment losses in an account handled by Richard Anthony Panno, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.