The Securities and Exchange Commission has reportedly charged Rusty Tweed and his company, Tweed Investment Services Inc., with fraud. Allegations include issuing false and misleading account statements that reportedly inflated investment profitability.
According to the complaint, the SEC alleges Tweed, and Tweed Investment Services raised $1.7 million from 24 investors for a fund he managed, the Athenian Fund. The SEC says Tweed allegedly invested the money in two other investments that lost close to $800,000.
The White Law Group is investigating the liability that Tweed’s employer may have for failure to properly supervise him.
Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that Tweed violated FINRA rules and his employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.
Recovery of Investment Losses
This information, which is publicly available, has been provided by The White Law Group.
If you have concerns about investments you made with Rusty Tweed or Tweed Investment Services, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 1-888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. The firm has offices in Chicago, Illinois and Vero Beach, Florida. For more information, please visit www.whitesecuritieslaw.com.