Paniko Lawrence - Beware of Paniko Lawrence now at Elite

by Anonymous Nov 03, 2012
Review #: 356441

Company	Paniko Lawrence
Location	Shanghai, Shanghai
Category	Brokerage and Brokers
Views	382

Paniko Lawrence formerly of AMA who was banned from providing in China due to his unethical behavior including fraud and ripping clients off as now emerged in Dubai working for the Elite .Lawrence is undoubtably the person responsible for giving advisers a bad name in Shanghai.

He was fired from AMA group for misconduct and took up a position with Elite Investment Group in Shanghai but was unable to practice there, the international life offices refused to take any further business from Elite if he remained in China. EIG have since opened in Dubai with Lawrence at the . BE WARNED IF YOU ARE APPROACHED BY HIM OR ELITE RUN A MILE.

You can view his profile on the Elite web site. 3126603

Beware of Paniko Lawrence now at Elite

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Dubai
13 hours ago from Dubai, Dubai

I heard that Elite have come to there senses and now fired him.

Tim Man
May 02 from San Francisco, California

I think he was a used car salesman before Austen Morris Associates picked him up..

ELIZABETH
Apr 14 from Windsor, England

Devious, manipulative and venal in his dealings with people. He is the very definition of the avarice of financial service providers, whether they are in the UAE or the UK (or in communist China or elsewhere in the world).

Deal with him at your own peril.

pissed
May 15

All the financial sales people that are pitching those unit linked life insurance investment offered by Generali, Friends Provident or Royal London 360 are all crooks. The only people those products make money for are the advisors and life company. I've had a Friends premium for 8 years and i'm barely breaking even, despite the fact when I was sold it they quoted a least 11% annual returns...total rubbish, and now I'm told a good chunk of my investment is locked in for the next 17 years..I'm consulting a lawyer to see what can be done for being mis sold.

Austen Morris
Apr 02

I knew Panni at Austen Morris Associates, he was loved by management, was viewed as Greg Morris junior and sold investments just like when Greg did it back in the day. He was hated by most everyone else in the company but management ignored this because he brought in the $$$$. He was one of the more dishonest advisors at Austen Morris Associates but there are many more like him at the company...so beware of Paniko and anyone else at Austen Morris Associates.

Anonymous
Mar 17 from London, England

Are you sure you are one of his illustrious 'clients', Deborah Smith and not another one of those sycophantic commission chasing employees?

DeborahSmith_UAE
Feb 18

I am currently a client of Mr. Panicko Lawrence in the Middle East region and I am very satisfied with his services. Mr. Lawrence has exhibited professionalism, financial acumen and most of all, a genuineness to nurture our client-financial adviser relationship. I have recommended him to my network of colleagues and friends who have been impressed with him and no doubt, stand to be potential and future clients of him moving forward.

Anonymous
Feb 17 from Birmingham, England

I'd rather take financial advice from Bernie Madoff

Anonymous
Feb 16 from Windsor, England

this character is exactly the type of self-serving, devious pseudo financial expert who brought the collapse of financial institutions and the western financial system itself, hardly surprising he attracts sycophantic comments from 'ms justice' and 'integrity'

Karen Wallis
Feb 12

Panicko Lawrence was recommended to me by a colleague as I wanted advice on my financial situation and investment. I found
Panicko Lawrence very helpful, honest and reliable and I continued to do business with him. I have no hesitation in recommending Panicko to anyone who would like advice in
Wealth Management as he is a professional.

pop
Apr 26

Very obvious that Ms Justice and Karen Wallis are the same person. Very similar text.

Hypocrites
Feb 01 from Dubai, Dubai

Austen Morris Associates, it is joke that they fired Paniko for ethics violations when they knowingly hired an advisor from the UK that was convicted of securities fraud and has a life time ban from the financial industry...

INTEGRITY
Feb 01 from London, England

having worked with paniko for many years ,i find him a honest and honorable man and will continue to work with him for many years to come.

itisivan007
Feb 01 from Shanghai, Shanghai

Says whom maybe by Austin Morris. :zzz

Ms Justice
Jan 29

I was appalled to read the complaint posted about Panicko Lawrence as he was recommended to me as a Wealth Management advisor through an associate and we have remained friends since.

Panicko is an honest and reliable person who was very helpful when I wanted advice on how to invest my inherited income.
I have recommended Panicko to other friends who were pleased with the advice they were given and will continue to recommend him to other people that may need advice on investment.

The Truth
Jan 22

The truth is Paniko had been allowed to rip off Austen Morris Associates clients for years and Austen Morris Associates only went after him when he decided to leave with his team. They are all a bunch of hypocrites. It is a joke to think that he was fired because of unethical behavior, as this behavior is strongly encouraged at Austen Morris Associates how do you think he made partner?

The Captain
Jan 16

I heard that it was not only Panicko who LEFT AMA, but a number of other advisers who were completely disgusted at the extremely draconian way AMA is run.
I cannot comment on why he went to Dubai, but I do know that him leaving AMA caused a lot of upset and that they tried to create a legal action against him.
Why would an employer 'sack' someone and then go after compensation for loss of earnings? it makes more sense that he left, for whatever reason, and then AMA tried to stop him form working further in China.
Sounds to me more like the actions of disgruntled draconian employer rather than a disgruntled employee...

James
May 02

totally agree...if he was such a bad egg how did he make senior partner? they were just bitter that their big earner left for another company. Great thing is, Greg Morris probably started this thread but it seems to be back firing on him....and he can't do *** about it. LOL :grin

skipper
May 10

spot on Captain...the story has a lot of holes for sure. I think Austen Morris Associates believes that if they spread lies he will not be a threat to their business..

Marco Calatafimi
Nov 12, 2012

I believe the above post and complaint to be extremely misleading because I know for a fact that this is NOT the case. I usually don't comment on these things, but I have been a client and good friend of Panicko for more than 6 years now and am aware of his decision to leave his previous company and move to Dubai. It was for no other reason than to honor a non-compete clause he had with AMA. Shame on the author of the above post for trying to ruin the repuation of such an ethical and honest advisor. I have looked for evidence of your claim and suprise... there isn't any! Does this website not ask for that sort of information?

Showing 1-20 of 20 comments

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