Bob Sweet Involved in a Non-Traded REIT Dispute

Bob Sweet (CRD #: 4090608), a broker registered with Independent Financial Group, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 28, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 19, 2025, investors alleged that Bob Sweet violated Regulation Best Interest with his recommendations of non-traded REITs. The investor is seeking $100,000.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Non-Traded REITs

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

Background Information

Bob Sweet has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 6 Investment Company Products/ Variable Contracts Representative Examination

He is a registered broker in 13 states and is a registered investment adviser in Texas.

Bob Sweet has registered with nine firms. These are the five most recent:

• Independent Financial Group (CRD #: 7717)
• LPL Financial (CRD #: 6413)
• Raymond James Financial Services Advisors (CRD #: 149018)
• Raymond James Financial Services (CRD #: 6694)
• CUNA Brokerage Services (CRD #: 13941)

Kurta Law Can Help

If you worked with Bob Sweet and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.