Vladimiro Maurizio Panichi Allegedly Engaged in Unsuitability, Excessive Trading & Churning; $2.8 Million in Damages Have Been Requested
Vladimiro Panichi allegedly engaged in acts of unsuitability, excessive trading and churning, according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Vladimiro Panichi’s alleged unsuitability. Investors who believe they may have lost money in activity related to Vladimiro Panichi’s alleged unsuitability are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Said customer complaint filed on October 3, 2018 against Panichi is requesting damages of $2,825,583.00, FINRA notes.
Vladimiro Panichi Is Currently Registered at PHX Financial, but His Latest Dispute Is Related to His Time when Registered with Empire Asset Management Co.
Vladimiro Panichi has been registered with PHX Financial, Inc. in New York, NY since June 5, 2015, but his pending customer dispute is related to actions when he was registered with Empire Asset Management Company, FINRA notes.
Panichi, who is subject to FINRA oversight, was registered with Empire Asset in New York, NY from June 6, 2007 until June 4, 2015, FINRA states.
Panichi, who has 22 years in the securities industry with 4 NY firms, was also registered with National Securities Corporation in New York, NY from September 18, 2002 until June 4, 2007, and with Joseph Steven & Company, INc. in Brooklyn, NY from August 21, 1996 until October 9, 2002, FINRA notes.
Brokerage firms such as Empire Asset Management Company have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Vladimiro Panichi’s alleged unsuitability. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Vladimiro Panichi’s alleged unsuitability may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.