Robert “Rusty” Tweed Allegedly Brought in More than $1.6 Million from His Retail Customers via a Purportedly Misleading Private Placement Memorandum

Robert “Rusty” 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 attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to Robert Tweed’s allegedly false and misleading private placement memorandum. 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 attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Robert Tweed, specifically, from November 2009 to March 2010, allegedly took in over  $1.6 million from his retail clients via a false and misleading PPM, according to the aforementioned AWC.

Tweed allegedly worked to offer and sell interests in his Athenian Fund LP, a pooled investment fund that he both created and controlled, the AWC states.

Robert Tweed also allegedly made drafts and circulated the PPM, a memorandum which purportedly misrepresented and failed to make disclosures of material information to investors, the AWC states.

Robert Tweed has Allegedly Been Requested to Bear the Costs of Court Proceedings & Pay Monetary Sanctions by FINRA

Twenty three of Tweed’s customers allegedly 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,  according to the aforementioned AWC currently under review by attorney Alan Rosca.

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.

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.

Thus, FINRA has purportedly 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.

One should also note that, according to the AWC, Robert Tweed neither admitted nor denied the FINRA findings.

Securities Lawyer Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Robert Tweed’s allegedly false and misleading private placement memorandum. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Robert Tweed’s allegedly false and misleading private placement memorandum may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@roscalaw.com, or through the contact form on this webpage.

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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 updates 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. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.