DID THOMAS ANDREW PANOPLOS CAUSE YOU INVESTMENT LOSSES?
About Thomas Panoplos of Creative Planning?
Thomas Panoplos (CRD #4454403) , located in Chicago, Illinois, has over two decades of experience in the financial services industry. He has worked extensively at Mesirow Financial, Inc., serving as a Managing Director before transitioning to Creative Planning, LLC, as an Investment Adviser Representative. His expertise spans mutual funds, financial advisory services, and real estate investment activities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Thomas Panoplos Customer Complaints and Reviews
Thomas Panoplos has one customer dispute on record:
- Dispute: Complaint received on July 10, 2009
- Allegations: The customer alleged that Mr. Panoplos failed to address issues related to a mutual fund investment and did not communicate appropriately with the client. The conduct allegedly occurred between October 2008 and June 2009.
- Outcome: The dispute was settled on July 29, 2009 for $73,000, of which Mr. Panoplos personally contributed $52,000.
- Product: Mutual Fund Mutual Fund Investment:
Allegations Against Thomas Panoplos
The single dispute involving Lisa Pamperin pertains to allegations of unauthorized trading within a pension account. While the client cited significant damages, the firm clarified that Pamperin’s job responsibilities and access did not permit her to conduct the transactions alleged in the complaint. The dispute was ultimately dismissed without action or compensation.
Such situations, while not reflective of wrongdoing, emphasize the importance of clear delineation of roles and responsibilities in financial institutions to prevent misunderstandings. The resolution of this matter in her favor indicates no finding of fault or misconduct.
Thomas Panoplos Employment History
- Firms Worked For:
- Mesirow Financial, Inc. (2001–2023)
- Creative Planning, LLC. (2023–present)
- Exams Passed:
- General Industry/Product Exams: Series 7 and Securities Industry Essentials (SIE)
- Multi-State Securities Law Exam: Series 66
- Employment History Highlights:
- Managing Director at Mesirow Financial, specializing in client investments and advisory services.
- Current role as an Investment Adviser Representative at Creative Planning, LLC.
- Registrations: Currently registered as an investment adviser but no longer registered as a broker.
- Other Activities:
- License holder and owner of a real estate investment entity, BS & JL, Inc.
- Co-manager of T and T Development, LLC, focusing on residential real estate investments.
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are held to a fiduciary standard, requiring them to act in their clients’ best interests at all times. This includes a duty of loyalty, ensuring full transparency about potential conflicts of interest, fees, and investment risks. Advisors must also exercise a duty of care, recommending suitable strategies tailored to a client’s financial goals and risk tolerance. Adherence to fiduciary standards fosters trust and ensures ethical conduct, which is vital in building long-term client relationships.
Option Trading Can Be Extremely Risky
Options trading presents significant risks due to its speculative nature and potential for substantial losses. High-risk strategies, such as writing uncovered (naked) calls, can expose clients to unlimited losses if market conditions shift unfavorably. Even more controlled approaches, like straddles or strangles, involve substantial risk due to high market volatility.
Example of a High-Risk Strategy:
- A naked call writing strategy allows the sale of call options without owning the underlying asset. If the asset price rises sharply, the losses can far exceed the premium received, making this a risky strategy suitable only for clients with a high-risk tolerance and substantial capital reserves. Advisors must thoroughly assess and communicate these risks before implementing such strategies in client accounts.
Thomas Panoplos Red Flags & Your Rights As An Investor
Of course, Thomas Panoplos did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Thomas Panoplos has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Thomas Panoplos
If you have questions about about Creative Planning and/or Thomas Panoplos and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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