Renewable Energy and Power Inc (RBNW)

[JPG77]

Conrad R. Huss Allegedly Negligently Misrepresented to Customers that EDFC Notes were Fully Secured by EDFC Pledge; Suspended Two Years by FINRA and Fined $20K
Conrad R. Huss allegedly made misrepresentations to customers that the EDFC Notes were fully secured by EDFC’s pledge of proceeds from the sale of certain historic rehabilitation tax credits (HRTCs), according to the aforementioned FINRA Complaint.

What is more, Huss allegedly provided investors with documents in which EDFC falsely stated that the EDFC Notes were secured by proceeds from the HRTCs, the Complaint notes. In addition Huss allegedly used these materials in connection with the sale of the EDFC Notes to prospective investors, negligently disregarding information indicating that EDFC’s statements were false.

As a result of the aforementioned behavior, Conrad R. Huss allegedly violated tenants of NASD Rules, and hence has been suspended and from association with any FINRA member in all capacities for a period of two years and fined in the amount of $20,000, according to the Complaint.

The Peiffer Wolf Securities Lawyers Help Investors
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged material misrepresentation. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of material misrepresentation may contact the investor rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.