DENVER BUSINESS JOURNAL - Futures trader Robert Scott Wiens was arrested on a golf course in Broomfield after a Colorado statewide grand jury indicted him on charges of securities fraud, theft and forgery.
Colorado Attorney General Cynthia Coffman announced Monday that Wiens, 52, was arrested after the 19-count indictment was handed down.
The indictment alleges that Wiens was a futures trader who promoted an investment opportunity in a boutique proprietary trading operation, RXM Holdings Ltd. Wiens, the director of RXM Holdings, represented himself as a specialist in the purchase and sale of U.S. Stock Index future contracts, according to the indictment.
In fact, Weins was not licensed as a broker-dealer, investment advisor, securities sales representative, investment advisor representative or registered to trade commodities on behalf of others and he did not disclose that information to investors, the indictment alleges.
Yet, he collected investment money that he promised would not be traded and would be held in safe and secure margin accounts at various trading companies, according to the indictment, which added that he promised a guaranteed profit for these leased funds and told investors they were the only ones who could authorize the release of their money and that is was safe..
Read the full report in the Denver Business Journal: http://bit.ly/1IDmHPi.
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