Richard Schwartz Fraud Recovery Options for Investors

Richard Schwartz, an investment advisor formerly in Kokomo, Indiana, has been accused by regulators of perpetrating a fraudulent investment scheme that victimized scores of investors across the country, under the umbrella of RAS & Associates, his investment advisory firm.

Richard Schwartz was a licensed securities stockbroker, affiliated with securities broker-dealer firms throughout his career, according to regulatory documents reviewed by securities attorneys Jason Kane and Joe Peiffer.  He took his own life shortly after fraud allegations emerged, in August this year.

“Investors who lose money as a result of their stockbroker’s misconduct or fraudulent activities may be able to seek compensation for their losses from the securities broker-dealer firms that authorized such stockbroker to sell investments to the public but failed to adequately supervise his activities,” said attorney Jason Kane.

“We will continue to seek compensation, on behalf of our clients, from securities broker-dealer firms that fail in their duties to supervise their investment professionals and prevent them from victimizing the investing public,” said attorney Joe Peiffer.

Richard Schwartz had a history of regulatory and disciplinary problems, according to evidence reviewed by attorneys Jason Kane and Joe Peiffer.

“Investment advisors with a tainted professional background must be put under increased supervision under the securities industry rules,” said attorney Jason Kane.

Schwartz appears to have been perpetrating a Ponzi scheme, according to the regulators’ allegations and media reports.  Typically, when a Ponzi scheme collapses, recovery from the scheme itself is minimal, as a large part of the funds are lost or spent by the schemes’ perpetrators to finance their lavish lifestyles.  Richard Schwartz too had a luxurious lifestyle according to media reports, including exotic cars and large, frequent parties.

Attorneys Jason Kane and Joe Peiffer are preparing to take action on behalf of Richard Schwartz investors.  They plan to seek compensation for investors in FINRA arbitration against the securities broker-dealers that employed Schwartz but, they believe, failed to adequately supervise his investment-related activities.

Investors may obtain more information about their Richard Schwartz investment recovery options by visiting the Richard Schwartz Investor Center maintained by attorneys Jason Kane and Joe Peiffer.

Richard Schwartz investors are encouraged to contact attorneys Jason Kane or Joe Peiffer, at 585-310-5140, for a free, no-obligation evaluation of their recovery options.

Peiffer Wolf (1316 Posts)


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.