Stoltmann Law Offices is investigating Conrad R. Huss and his former firm, du Pasquier & Co. According to a Financial Industry Regulatory Authority (FINRA) disciplinary proceeding, Huss is accused of making misrepresentations in the sale of $1.4 million worth of promissory notes in a private offering to 14 customers between March 2006 and August 2006. The notes were issued by Economic Development Finance Corporation, a real estate development company. In August 2007, the company defaulted and failed to pay investor principals, resulting in significant losses to those investors. Huss told the investors that the notes were fully secured and falsely stated that the notes were secured by historic rehabilitation tax credits, when, in fact, they were not. This is against securities rules and regulations.
Huss was registered with the following firms: Ladenburg, Thalmann & Co., Credit Lyonnais Securities, Reynders, Grey & Co., Auerbach, Pollak & Richardson, Somerset Financial Group, Hobbs Melville Securities, Du Pasquier & Co. in New York, New York from January 2005 until October 2006, Southridge Investment Group and Ocean Cross Capital Markets. He has one customer dispute against him. He is not currently licensed within the industry, according to his FINRA BrokerCheck report.
You may be able to sue Huss’s former firm, du Pasquier, in the FINRA arbitration forum if you lost money with Conrad R. Huss. This is because his former firm had a duty to reasonably supervise him while he was employed there. Because they did not, they may be liable for investment losses. Please call our securities law firm based in Chicago, at 312-332-4200 for a free consultation with an attorney. There is no obligation.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.