Christopher J. Moran– Failure to Establish and Maintain Written Supervisory Procedures

ponzi scheme lawyersChristopher J. Moran Allegedly Failed to Establish and Maintain Written Supervisory Procedures or a Supervisory System Concerning Offer and Sale of Private Placements

Christopher J. Moran allegedly failed to establish and maintain written supervisory procedures or a supervisory system related to the offer and sale of private placements, such as the EDFC Notes, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and Joe Peiffer.

In addition, Moran allegedly also failed to supervise Miles Bahl and Conrad Huss in connection with the offer and sale of the EDFC Notes, which were issued by Economic Development Finance Corporation, a real estate development company formed in 2002 in Massachusetts, FINRA also notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Christopher J. Moran allegedly failed to establish and maintain written supervisory procedures.

Miles Bahl and Conrad Huss Allegedly Made Fraudulent Misrepresentations in Connection with the Solicitation and Sale of over $3 million of Promissory Notes in a Private Offering

Between March of 2006 and July of 2007, Miles Bahl and Conrad Huss allegedly executed fraudulent misrepresentations in connection with the solicitation and sale of over $3 million worth of promissory notes in a private offering to 17 of Bahl’s customers, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and Joe Peiffer.

Said Complaint further alleges that EDFC failed to pay Bahl’s customers the principal due and owed under the EDFC Notes, resulting in significant losses to many customers, and that Moran was allegedly the DPC principal responsible for supervising the EDFC Offering, and for supervising Huss and Bahl.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of Alleged failure to establish and maintain written supervisory procedures. They are currently investigating Christopher J. Moran allegedly failed to establish and maintain written supervisory procedures or a supervisory system and encourage investors to contact them. 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 Christopher J. Moran allegedly failed to establish and maintain written supervisory procedures or a supervisory system may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.