Last Updated: March 2026 – North Palm Beach, FL
Haselkorn & Thibaut, a national investment fraud law firm with a 98% success rate, has opened an investigation into North Palm Beach-based financial advisor Richard Anthony Panno (CRD Number: 724727) of Buckman Buckman & Reid, Inc. Investors who have worked with Mr. Panno are encouraged to review the details below and consider their options regarding any concerns about their accounts or investments.
About Richard Anthony Panno – Background and Career History
Table of Contents
- Name: Richard Anthony Panno
- CRD Number: 724727
- Current Employer: Buckman Buckman & Reid, Inc. (since 2010), North Palm Beach, FL
- Prior Firms:
- VFinance Investments, Inc. (2007–2010)
- Brookstreet Securities Corporation (2006–2007)
- Avalon Research Group, Inc. (2005)
- Sterling, Foster & Co., Inc.
With over four decades of industry involvement, Richard Panno has been registered with multiple firms throughout his career. He currently operates out of North Palm Beach, FL, and is affiliated with Buckman Buckman & Reid, Inc., a broker-dealer with a national presence.
Customer Complaints, Lawsuits, and Investigations: What Clients Need to Know
Investors place a significant amount of trust in their financial advisors. It is crucial to stay informed about a registered representative’s background, including any customer disputes or regulatory issues. Based on a review of publicly available records, including FINRA BrokerCheck (BrokerCheck), Richard Panno has faced several disclosures that current and prospective clients should be aware of.
| Date | Type | Status/Resolution | Allegations / Details |
|---|---|---|---|
| March 2022 | Customer Dispute | Pending | Alleged unsuitable investment recommendations resulting in losses. The client is seeking recovery of damages. |
| May 2019 | Customer Dispute | Denied | Claim regarding suitability concerns and unauthorized trading. The complaint was denied by the firm. |
| October 2018 | Customer Dispute | Settled | Alleged breach of fiduciary duty and misrepresentation related to complex investments. The case was settled for an undisclosed sum. |
| 2016 | Regulatory Investigation | Closed – No Action | Regulator reviewed sales practices in connection with alternative investments. No formal action was taken. |
Each complaint and disclosure carries its own unique facts and circumstances. Investors who believe their situation may be similar are encouraged to discuss the specific details of their account directly with Haselkorn & Thibaut.
Potential Red Flags for Investors
While not every complaint indicates wrongdoing, recurring issues can be a signal of potential problems. Investors should always exercise caution and proactively review their accounts for:
- Unsuitable investment recommendations – Were you invested in products that did not match your risk tolerance, investment goals, or financial situation?
- Unauthorized trading – Did transactions take place in your accounts without your prior approval or express consent?
- Breach of fiduciary duty – Did your advisor fail to act in your best interest at all times?
- Misrepresentation or omission – Were the risks and features of investments fully explained and understood?
If any of the above red flags apply to your experience, it may be prudent to explore your options with an experienced securities lawyer.
About Buckman Buckman & Reid, Inc.
Buckman Buckman & Reid, Inc. is a registered broker-dealer headquartered in New Jersey, with a network of financial professionals nationwide. Like all broker-dealers, it is subject to oversight by FINRA and the SEC. The firm is responsible for the supervision of its representatives and is obligated to establish and maintain adequate compliance systems to protect investors.
Firms can be held responsible for the conduct of their registered representatives if they fail to properly supervise them or if policies and procedures are not followed. This makes it important for investors to recognize both individual advisor and firm-level responsibilities for safeguarding their investments.
Why Contact Haselkorn & Thibaut?
With more than five decades of combined legal experience, Haselkorn & Thibaut has built a reputation for helping clients recover investment losses caused by broker misconduct, unsuitable recommendations, misrepresentation, and other violations. The firm operates on a nationwide basis, with a “no recovery, no fee” policy. Their track record of a 98% success rate has resulted in millions recovered for investors like you.
If you have concerns about how your accounts were managed by Richard Panno or Buckman Buckman & Reid, Inc., or if you have suffered unexpected losses, now is the time to take action. Early action can be the difference between a successful recovery and missed opportunity.
Next Steps: Get a Free Consultation
- Review your statements and records for unknown or unexplained losses
- Gather documentation and notes about your communications with your advisor
- Call Haselkorn & Thibaut now at 1-888-994-8066 for a free, confidential consultation
You have important rights – and you do not have to navigate these decisions alone. If you have worked with Richard Panno or Buckman Buckman & Reid, Inc. and have concerns, reach out to Haselkorn & Thibaut today to learn more about your options and how you may be able to recover your losses.
View Richard Panno’s current regulatory disclosures on FINRA BrokerCheck.
