Furgison Law Group has filed a FINRA arbitration claim against National Planning Corporation on behalf of customers of Robert "Rusty" Tweed
/Claim filed by former clients of Robert "Rusty" Tweed
The securities fraud lawyers at Furgison Law Group have recently filed an arbitration claim against National Planning Corporation ("NPC") related to investments recommended by Robert Russel "Rusty" Tweed (CRD#2339324). Our firm is also currently investigating other claims against Mr. Tweed and his former firm, National Planning Corporation related to the sale of Tenants-In-Common ("TIC") real estate investments, 1031 Exchange transactions and other real estate investments. The customer complaints include allegations of breach of fiduciary duty, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct. Mr. Tweed and NPC deny all allegations of wrongdoing.
Rusty Tweed is the President and founder of Tweed Financial Services, Inc., Tweed Insurance Services, TFS Realty, and Tweed Marketing Insurance, LLC where he provides financial planning and other investment advice. Rusty Tweed, was formerly a Registered Representative with and offered his securities and advisory services through National Planning Corporation, a Registered Investment Adviser ("RIA"). Rusty Tweed is currently a Registered Representative with and offers his securities and advisory services through Concorde Investment Services, LLC.
Some of the TIC properties at issue
- Behringer Harvard TIC's
- St. Louis Place, LLC
- Inland Private Capital Corp. TIC's
- NNN Triple Net Properties
Previous allegations of misconduct
Tweed’s FINRA BrokerCheck Report lists seven (7) other customer complaints involving misconduct by Tweed. Three of the customer complaints involve allegations related to the sale of TIC investments. Three of the previous claims were settled by Tweed, one of the complaints is a pending arbitration and another resulted in an arbitration award against Tweed. On May 25, 2012, the Panel in that case (FINRA Case # 11-01909) found Tweed liable for the improper TIC investments and ordered him to pay the claimants $338,000.00.
On January 19, 2005, NPC terminated Tweed for “Violations of NASD Conduct Rule 2110.” Rule 2110 states: “A member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Rusty Tweed, National Planning Corporation, National Planning Corporation, Tweed Financial Services, Inc., Tweed Insurance Services, TFS Realty, Tweed Marketing Insurance, LLC, or Concorde Investment Services, LLC, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.