Investors Accuse Paulson Of Failure To Sell Penny Stocks
Eugene Lee Webb (also known as Gene Webb) of Lake Oswego Oregon a stockbroker currently registered with Paulson Investment Company LLC is the subject of a customer initiated investment related written complaint which was settled for $47,597.23 on May 3, 2019 based upon accusations that the customer’s instructions of liquidating Biotricity penny stock positions had been disregarded by Webb causing the customer to incur unwarranted losses in the customer’s account at Paulson Investment Company.
FINRA Public Disclosure reveals that Webb has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed with Livingston Securities Inc. and GVC Capital LLC. Specifically, a customer initiated investment related arbitration claim concerning Webb’s conduct was resolved for $85,000.00 in damages supported by accusations that during the period in which Webb was associated with Livingston Securities Inc., the customer had been placed in over-the-counter equities that were in no way suitable and which caused the customer to sustain losses.
Also, Webb is referenced in a customer initiated investment related complaint on April 10, 2018 where the customer sought $140,000.00 in damages founded on allegations that during the time that he was employed by GVC Capital, investment recommendations made by the stockbroker were not suitable; the customer’s investment instructions failed to be followed resulting in the customer having to pay more for the price of investments; and false or misleading statements had been made to the customer concerning the suitability of stocks, direct participation program interests or limited partnership interests.
Webb’s employment with GVC Capital has been terminated as of September 9, 2015. Since June 3, 2016, he has been registered with Paulson Investment Company LLC.