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.
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