Last Updated: April 2025 – Columbus, GA
Richard Swift Investigation Summary
Here’s what you need to know about Columbus, GA, stockbroker Richard B. Swift:
- Name: Mr. Richard Boyd Swift
- Current Employer: Raymond James & Associates, Inc.
- Prior Employers: Morgan Stanley; Citigroup Global Markets Inc.; The Robinson-Humphrey Company, LLC
- Function: Stockbroker / Financial Advisor
- DBA: Southern Wealth Management Group of Raymond James
- Primary Location: Columbus, GA
- CRD#: 3082572
- Can Richard Swift be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Settlement or Award: $28,783
If you’ve sustained damages from Mr. Swift, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard Swift As Your Stockbroker?
A customer dispute was filed on August 28, 2024, relating to the sale of a variable annuity. The customer alleged that the investment was inappropriate based on her age and that tax consequences were not properly disclosed at the time of sale. The allegations concern investment activity between April 26, 2022, and August 28, 2024, while Mr. Swift was employed by Raymond James & Associates, Inc.
The case was settled on November 25, 2024, for $28,783.
Allegations of Broker Misconduct Against Richard Swift
The following misconduct has been alleged against Mr. Swift in connection with the handling of a customer’s account:
- Unsuitable Investment Recommendation: The client claimed the variable annuity sold to her was not suitable based on her age, a possible violation of FINRA Rule 2111, which requires brokers to make recommendations that are consistent with a customer’s financial profile and investment needs.
- Failure to Disclose Material Tax Information: It was alleged that Swift did not communicate the tax treatment of the annuity.
FINRA Rule 2111- suitability -Regulation Best Interest
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and firms to report customer complaints, disputes, and regulatory sanctions, along with disclosing certain financial matters such as bankruptcies, liens, or judgments.
Recover Your Investment Losses Now With Rex Securities Law
Other Investigations of Raymond James Advisors
If you have suffered investment losses in an account handled by Richard B. Swift, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.