Paulson Investment Company Sued By Investors For Sale of Unregistered Securities
Minish Joe Hede (also known as Minish Mohan Hede) of New York New York a stockbroker formerly employed by Paulson Investment Company LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into unregistered and fraudulent securities by Hede during the period in which Hede was employed by Paulson Investment Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00503 (Feb. 14, 2019).
FINRA Public Disclosure reveals that Hede has been identified in five more customer initiated investment related disputes containing allegations of his misconduct while he was associated with securities broker dealers including Josephthal Co. Inc. and Paulson Investment Company. In particular, a customer initiated investment related complaint involving Hede’s activities was settled to resolve accusations of margin being utilized by Hede without the customer’s knowledge or consent to effect corporate debt transactions.
On December 22, 2016, another customer filed an investment related complaint in regard to Hede’s activities in which the customer requested $1,000,000.00 in damages supported by allegations that a promissory note was sold to the customer by Hede outside the firms auspices; and fraudulent false or misleading statements and omissions were made by the stockbroker concerning the investments. Hede is referenced in another customer initiated investment related arbitration claim which was resolved for $165,000.00 in damages founded on accusations that unfounded statements had been made about investments; the customer’s account was administered negligently; and the customer had been defrauded when Hede was associated with Paulson Investment Company LLC. FINRA Arbitration No. 17-00876 (Sept. 25, 2018).
FINRA Public Disclosure additionally confirms that Hede has been barred from associating with any FINRA member in any capacity based upon allegations that he neglected to provide information to FINRA after a formal inquiry was made by the regulator. Case No. 2016052540601 (Feb. 13, 2018).
Hede was discharged by Paulson Investment Company based upon allegations of the stockbroker being subject of a customer dispute that contained accusations of his negligence; and his failure to cooperate with the securities broker dealer while under investigation.