Paulson Investment Company (Paulson Wealth Advisors) – Investor Alert

UPDATE 4/11/2020: According to FINRA’s March 2020 Disciplinary Actions: “Paulson Investment Company LLC (CRD #5670, Lake Oswego, Oregon) January 31, 2020 – An AWC was issued in which the firm was censured and fined $50,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it sold private placement offerings claiming exemption from registration under Rule 506 of Regulation D of the Securities Act of 1933, but without having established pre-existing, substantive relationships with the offerees prior to participating in those offerings. The findings stated that as a result, each of those sales constituted an unregistered distribution of securities in contravention of Section 5 of the Securities Act. The firm solicited individuals to invest approximately $4.5 million in those offerings. While the firm eventually established a substantive relationship with each of the individuals who invested in the offerings prior to their purchases, that relationship did not exist prior to its participation in those offerings. (FINRA Case #2018056269003)”

UPDATE 4/2/2020: FINRA censured and assessed a fine of $50,000 against Paulson Investment Company (Paulson Wealth Advisors) in connection with its sale and solicitation of private placement offerings to investors. FINRA found the firm to be in violation of Rule 506 of Regulation D and Section 5 of the Securities Act of 1933, as well as FINRA Rule 2020, which requires that a its members conduct their business with high standards of commercial honor. FINRA found that the firm solicited 11 individuals and sold six separate private placement offerings, totaling approximately $4.5 million, prior to having a pre-existing and substantive relationship with these investors.

Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Paulson Investment Company (Paulson Wealth Advisors). If you suffered losses investing with the firm, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.

FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.

If you suffered losses investing with Paulson Investment Company (Paulson Wealth Advisors) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.

This information is all publicly available and is being provided to you by Galvin Legal, PLLC.

Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.