SW Financial expelled by FINRA


The Financial Industry Regulatory Authority (FINRA) is an organization dedicated to investor protection and market integrity. On May 12th, 2023 FINRA announced that SW Financial had been expelled from its membership for multiple violations. The violations include making misrepresentations to customers about its sales of private placement offerings of pre-initial public offering (pre-IPO) securities, churning customer accounts, and failing to supervise its representatives.

Unfortunately, FINRA’s action does not help investors recover their money. If you invested with the  SW Financial between January 2018 and December 2021, you might have a claim against SW Financial or the  firm’s co-owner and CEO, Thomas Diamante . We are experts in investment recovery and we invite you to contact our office to investigate your situation. Our evaluation is free of charge and we  take cases on a contingency fee which means that we don’t get paid unless we make a recovery.


How Trust Impacts Investor Abuse

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Investor abuse and trust are explored in this video posted by the Public Investors Arbitration Bar Association (PIABA). Bob Banks answers the question, “why don’t more investors bring claims against their financial advisers?”