Raymond James Financial Services Advisors, Inc. broker Michael Swain (CRD# 1887658) is accused of investment losses. He has been registered with Raymond James Financial Services, Inc. in Memphis, Tennessee, since 2003, and Raymond James Financial Services Advisors, Inc. in Memphis, Tennessee, since 2009.
Michael Swain Customer Complaints
He has been the subject of two customer complaints between 2020 and 2026, one of which was denied, according to his CRD report:
March 2026. “Claimant alleges his accounts were over-diversified and should have appreciated in value more than they did.” The customer is seeking $1,700,000 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James Financial Services Advisors, Inc. may be liable for investment or other losses suffered by Michael Swain’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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