Robert “Rusty” Tweed Allegedly Took in over $1.6 Million from His Retail Customers through a Purportedly False and Misleading Private Placement Memorandum
Robert Tweed allegedly took in over $1.6 million from his retail customers through a purportedly false and misleading private placement memorandum (PPM), according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.
Investors who believe they may have lost money in activity related to Robert Tweed’s allegedly false and misleading private placement memorandum are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Rosca Wolf securities lawyers are currently investigating Robert Tweed’s allegedly false and misleading private placement memorandum.
Robert Tweed, between November 2009 and March 2010, allegedly obtained over $ 1.6 million from his retail customers via a false and misleading PPM he implemented to purportedly offer and sell interests in his Athenian Fund LP, a pooled investment fund that he both created and controlled, according to the aforementioned AWC.
Robert Tweed allegedly drafted and circulated the PPM, a memo which purportedly misrepresented and failed to make disclosures of material information to investors, the AWC states.
Twenty three customers invested in the Athenian Fund without the alleged benefit of complete and accurate information regarding the total potential fees and costs associated with the aforementioned fund and facts regarding Tweed himself, the AWC reports.
What is more, the aforementioned PPM allegedly made misrepresentations regarding the entities and individual who would ultimately have immediate control over the money that customers invested, the AWC notes.
Robert Tweed has Been Requested by FINRA to Pay Monetary Sanctions and Bear the Costs of Court Proceedings in Accordance with FINRA Rules
FINRA has requested that Robert Tweed to be the subject of one or more of the following sanctions including monetary sanctions and bear the costs of proceedings in accordance with FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.
As a result of the aforementioned and alleged material misrepresentations and omissions Athenian Fund investors allegedly could not evaluate the true costs and risks associated with the Fund, the AWC reports.
One should also note that, according to the AWC, Robert Tweed neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Robert Tweed’s allegedly false and misleading private placement memorandum. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Robert Tweed’s allegedly false and misleading private placement memorandum may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888–998–0520 or via e-mail at email@example.com or firstname.lastname@example.org.