FINRA

RESPONDENT MORAN FAILED TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.

LETTER

Suspension

ANY CAPACITY

N/A

10/16/2013

PURSUANT TO ARTICLE VI, SECTION 3 OF FINRA BY-LAWS, AND FINRA RULE 9554, RESPONDENT MORAN IS SUSPENDED OCTOBER 16, 2013 FOR FAILURE TO COMPLY WITH AN ARBITRATION AWARD OR SETTLEMENT AGREEMENT OR TO SATISFACTORILY RESPOND TO A FINRA REQUEST TO PROVIDE INFORMATION CONCERNING THE STATUS OF COMPLIANCE.

FINRA

ARTICLE V, SECTION 2(C) OF THE FINRA BY-LAWS, FINRA RULES 1122, 2010, 8210, NASD RULE 3040, INTERPRETATIVE MATERIAL 1000-1 - TIMOTHY MORAN INTRODUCED FIRM CUSTOMERS TO A PRIVATE HEDGE FUND TO DISCUSS POSSIBLE INVESTMENT IN THE HEDGE FUND. MORAN RECOMMENDED THAT THE CUSTOMERS INVEST, OR CONSIDER INVESTING, IN THE HEDGE FUND, OR PARTICIPATED IN MEETINGS, PHONE CONVERSATIONS OR OTHER COMMUNICATIONS BETWEEN HIS CUSTOMERS AND THE HEDGE FUND'S OWNER. CUSTOMERS INVESTED APPROXIMATELY $1.69 MILLION IN THE HEDGE FUND. MORAN PERSONALLY INVESTED A TOTAL OF $150,000 IN THE FUND. MORAN RECEIVED MORE THAN $200,000 AS COMPENSATION FOR HIS ASSISTANCE IN OBTAINING INVESTMENTS. MORAN DID NOT DISCLOSE HIS INVOLVEMENT OR PARTICIPATION IN SELLING INTERESTS IN THE HEDGE FUND TO HIS MEMBER FIRM OR OBTAIN THE FIRM'S PERMISSION TO DO SO. MORAN FAILED TO RESPOND TO FINRA REQUESTS FOR DOCUMENTS AND INFORMATION AND FALSELY RESPONDED TO A FINRA REQUEST FOR INFORMATION. MORAN FAILED TO TIMELY AMEND HIS FORM U4 TO DISCLOSE A $216,654 IRS LIEN FOR UNPAID TAX LIABILITIES.

Decision

Bar (Permanent)

All Capacities

3/5/2014

Disgorgement

$200,000.00

DEFAULT DECISION RENDERED FEBRUARY 5, 2014 WHEREIN MORAN IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY AND ORDERED TO DISGORGE $200,000 FOR THE ILL-GOTTEN GAINS RECEIVED. THE SANCTIONS WERE BASED ON FINDINGS THAT MORAN ENGAGED IN PRIVATE SECURITIES TRANSACTIONS WITHOUT PROVIDING HIS MEMBER FIRM WITH PRIOR WRITTEN NOTICE. THE FINDINGS STATED THAT MORAN INTRODUCED THE FIRM'S CUSTOMERS TO A PRIVATE HEDGE FUND TO DISCUSS POSSIBLE INVESTMENT IN THE HEDGE FUND WITH THE OWNER/OPERATOR OF THE FUND. MORAN RECOMMENDED THAT THE CUSTOMERS INVEST, OR CONSIDER INVESTING, IN THE HEDGE FUND, OR PARTICIPATED IN MEETINGS, PHONE CONVERSATIONS OR OTHER COMMUNICATIONS BETWEEN HIS CUSTOMERS AND THE HEDGE FUND'S OWNER. SOME OF THE CUSTOMERS, WHO MORAN INTRODUCED TO THE OWNER, INVESTED APPROXIMATELY $1.69 MILLION IN THE HEDGE FUND. MORAN ALSO INVESTED A TOTAL OF $150,000 IN THE FUND. MORAN RECEIVED MORE THAN $200,000 AS COMPENSATION FOR HIS ASSISTANCE IN OBTAINING INVESTMENTS. MORAN DID NOT DISCLOSE HIS INVOLVEMENT OR PARTICIPATION IN SELLING INTERESTS IN THE HEDGE FUND TO HIS FIRM OR OBTAIN THE FIRM'S PERMISSION TO PARTICIPATE IN THE PRIVATE SECURITIES TRANSACTIONS. THE FINDINGS ALSO STATED THAT MORAN FAILED TO RESPOND TO FINRA REQUESTS FOR DOCUMENTS AND INFORMATION AND FALSELY RESPONDED TO A FINRA REQUEST FOR INFORMATION. WHEN MORAN RESPONDED TO FINRA'S REQUEST, HE STATED THAT HE HAD NOT RECEIVED ANY COMPENSATION FOR REFERRING CLIENTS TO THE HEDGE FUND. MORAN ALSO STATED THAT HE HAD RECEIVED MORE THAN $200,000 FROM THE HEDGE FUND AS PAYMENT FOR ALLOWING THE HEDGE FUND'S OWNER TO USE HIS COMPUTERS. THESE STATEMENTS WERE FALSE. THE FINDINGS ALSO INCLUDED THAT MORAN FAILED TO TIMELY AMEND HIS FORM U4 TO DISCLOSE A $216,654 INTERNAL REVENUE SERVICE (IRS) LIEN FOR UNPAID TAX LIABILITIES, IN CONTRAVENTION OF HIS OBLIGATION TO KEEP HIS FORM U4 CURRENT. THE DECISION BECAME FINAL MARCH 5, 2014.

ARIZONA CORPORATION COMMISSION SECURITIES DIVISION

WHILE REGISTERED AS A SECURITIES SALESMAN AND LICENSED AS AN INVESTMENT ADVISOR REPRESENTATIVE, TIMOTHY MORAN INTRODUCED INVESTORS INCLUDING SOME OF HIS CLIENTS TO THOMAS L HAMPTON,(CRD # 2470192), WHO SOLD MORAN AND OTHERS FRAUDULENT HEDGE FUND INVESTMENTS INVOLVING BUYING AND SELLING EXCHANGE TRADED FUNDS. ON FEBRUARY 5, 2014, FINRA PERMANENTLY BARRED TIMOTHY MORAN FROM ASSOCIATING WITH ANY FINRA MEMBER FIRM IN ANY CAPACITY.

Consent

Revocation

DECISION 74988 REVOKED TIMOTHY MORAN'S SECURITIES SALESMAN REGISTRATION AND ADVISER REPRESENTATIVE LICENSE.