Robert Tweed, formerly of Concorde Investment Services, Barred from Securities Industry
Have you lost money with financial advisor Robert Tweed of San Marino, California? We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against Robert R. Tweed. FINRA barred Tweed from the securities industry regarding allegations that he made material misrepresentations when inducing customers to invest in his hedge fund, called the Athenian Fund.
The SEC (Securities and Exchange Commission) previously filed a complaint against Robert Tweed and his company, Tweed Financial Services. The SEC filed a complaint in the Central District of California alleging that Tweed and Tweed Financial Services sent misleading statements to investors to hide investment losses caused by the Athenian Fund LP.
The SEC alleged that Tweed solicited investors to put more than $1.7 million in the Athenian Fund. The fund was purported to invest in a master fund (the Quantitative Analytics Master Fund) that used a stock trading strategy. Instead, the SEC alleges that Tweed and Tweed Financial Services invested in two other investments that lost over $800,000. Moreover, Tweed sent investors false account statements to hide the losses.
Robert Tweed was a financial advisor and registered representative of Concorde Investment Services from August 2011 to November 2015. Tweed also worked with Cabot Lodge Securities from October 2015 to July 2018. He worked at branch offices in San Marino, California. Tweed has been the subject of at least eleven customer complaints.
Brokerage firms have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California and the greater Los Angeles area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Tweed, Robert SEC Complaint
Click to view: Tweed, Robert FINRA Order
Click to view: Tweed, Robert BrokerCheck 10.5.17
If you lost money with Robert Tweed or Concorde Investment Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.