Scott Bradley Swinchock (CRD #5787071) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Scott Bradley Swinchock (CRD #5787071) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 25, 2026. It reflects one customer dispute. If you invested with Scott Bradley Swinchock and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Scott Swinchock’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:

On January 2, 2026, a customer dispute was filed involving Scott Swinchock. Scott Swinchock’s FINRA BrokerCheck report says customers alleged misrepresentations and failure to exercise reasonable care regarding an indexed universal life insurance policy in late 2020 or early 2021. The report lists the product type as insurance. It states damages exceed $5,000 but cannot be determined at this time. BrokerCheck also lists the matter as pending in the Court of Common Pleas of Allegheny County, Pennsylvania.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires a broker to have a reasonable basis to believe a recommendation fits the customer’s investment profile. A dispute about an indexed universal life insurance recommendation can raise questions about whether the risks, costs, time horizon, and liquidity needs were properly considered.

Rule Summary #2: FINRA Rule 2210 (Communications with the Public)

FINRA Rule 2210 (Communications with the Public) requires communications with the public to be fair, balanced, and not misleading. When customers claim misrepresentations, this rule can matter because product explanations and sales materials should include the material facts needed for an informed decision.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Scott Swinchock:

He is currently registered with LPL Financial LLC.

BrokerCheck shows he passed the Securities Industry Essentials (SIE), Series 7, Series 24, and Series 66 exams.

His prior registrations include Waddell & Reed and Edward Jones.

Kurta Law Can Help

If you have worked with Scott Swinchock and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.