Haselkorn & Thibaut Opens Investigation: Richard Anthony Panno (CRD #724727) – Buckman Buckman & Reid, Inc. – North Palm Beach, FL
If you’re an investor concerned about recent reports or past performance in your brokerage account with Richard Anthony Panno of Buckman Buckman & Reid, Inc. in North Palm Beach, Florida, this report is for you. You are not alone—and your concerns are valid. Haselkorn & Thibaut has officially launched an investigation on behalf of clients who worked with Richard Anthony Panno. Our mission is to help you understand your rights, past complaints, and the steps you may take if you suspect losses due to potential misconduct or unsound advice.
Who Is Richard Anthony Panno?
Richard Anthony Panno, registered under CRD #724727, is a financial advisor and stockbroker based out of North Palm Beach, FL, currently associated with Buckman Buckman & Reid, Inc. since 2010. He has worked in the securities industry for several decades, with prior stints at multiple firms including VFinance Investments, Inc., Brookstreet Securities Corporation, Avalon Research Group, Sterling Financial Investment Group, among others.
Summary Table:
| Advisor Name | Richard Anthony Panno |
| Advisor’s CRD Number (CRD) | 724727 |
| Broker-Dealer | Buckman Buckman & Reid, Inc. |
Why Is There an Investigation?
Haselkorn & Thibaut has opened this inquiry given multiple, significant customer dispute settlements involving Richard Panno’s supervision and investment recommendations. Although a recent FINRA BrokerCheck review may show no current reportable disclosures, credible industry sources reflect previous settlements—a profile that should catch the attention of concerned investors.
Red Flags and Complaints: What Investors Should Know
Recent years have raised several red flags for Panno’s clients—including documented complaints and substantial settlements involving both his direct work and his supervisory responsibilities. Transparency is vital, and below you will find the known specifics.
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$1,250,000 Settlement – Failure to Supervise Options Trading (2025)
In June 2025, a FINRA arbitration (Case No. 24-01778) resulted in a $1,250,000 settlement, where Panno, acting with Buckman Buckman & Reid, was implicated for failing to supervise options trading activities. These types of claims often arise when supervisors do not adequately monitor their representatives, sometimes leading to significant investor losses.
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$85,000 Settlement – Poor Investment Recommendations (2018)
A prior FINRA arbitration (Case No. 17-01991) culminated in an $85,000 settlement in October 2018. Allegations revolved around unsuitable investment recommendations, including listed equities and over-the-counter (OTC) securities, during Panno’s time in a compliance role. Suitability is a central protection for investors, and firms are required to match recommendations with a client’s financial profile.
Other Relevant Allegations:
- Failure to Supervise – Brokerage supervisors must reasonably oversee the trading activities of their representatives, as required by FINRA Rule 3110.
- Unsuitable Recommendations – Advising on investments not suited to a client’s needs or risk tolerance may violate FINRA Rule 2111.
- Compliance Oversight Failures – Lapses in oversight can amplify investor risk, especially with complex products such as options.
Employment and Licensing History
Richard Panno’s career encompasses over four decades in the financial services industry. His employment history spans multiple brokerage firms, including:
- Buckman Buckman & Reid, Inc. (2010–present)
- VFinance Investments, Inc. (2007–2010)
- Brookstreet Securities Corporation (2006–2007)
- Avalon Research Group, Inc. (Multiple stints, 2000–2005)
- Sterling Financial Investment Group, Inc. (Various years, including 1999–2005)
- Deltec Asset Management Corporation (1990–1996)
- Blinder, Robinson & Co., Inc. (1981)
His licenses include active Series 7, 63, and 65 registrations, which permit securities and investment advisory activity.
Regulatory Review and Disclosure Status
A current review of FINRA BrokerCheck and SEC regulatory databases returns no currently pending regulatory actions, criminal or civil complaints, or formal disciplinary orders associated with Richard Anthony Panno. However, historic customer disputes and settlements outlined above are red flags for any investor seeking a trusted advisor or evaluating past losses.
Are You Concerned About Your Account?
If you have experienced losses, have doubts about past recommendations, or simply want an independent review of your account with Richard Anthony Panno or Buckman Buckman & Reid, Inc. in North Palm Beach, now is the time to act. Financial advisory clients are protected by law and by multiple regulatory rules—including FINRA’s suitability and supervision standards. However, it’s often up to the investor to take the first step in uncovering potential issues and recovering damages.
Haselkorn & Thibaut, a national securities fraud law firm, brings over 50 years of experience, a 98% success rate, and millions recovered for investors like you. All cases are handled on a no recovery, no fee basis.
Recommended Next Steps – Your Recovery Matters:
- Get a free, confidential consultation with Haselkorn & Thibaut’s attorneys by calling 1-888-885-7162—you won’t pay anything unless your recovery is successful.
- Consider downloading your most recent account statements, trade confirmations, and correspondence with your advisor for assessment.
- Visit FINRA BrokerCheck to verify regulatory history and confirm your broker’s record.
- If you suspect inappropriate recommendations, options trading losses, or poor supervision, don’t wait for more losses.
Why Choose Haselkorn & Thibaut?
- National reach with over 50 years of combined investor protection experience
- Representing clients in all 50 states
- 98% success rate – No recovery, no fee
- Millions recovered for investors with cases involving unsuitable trading, failure to supervise, and more
- Personalized guidance and a sense of urgency for every client’s peace of mind
No investor should have to go it alone or question whether their advisor’s conduct led to avoidable losses. Take action today.
Call Haselkorn & Thibaut at 1-888-885-7162 for your free investment loss case review and put an advocate by your side.
