FINRA Fines Paulson Investment Company Over Variable Interest Rate Structured Products
LAKE OSWEGO, OREGON
Have you invested in variable interest rate structured products (VRSPs) through Paulson Investment Company? Our Pacific Northwest law firm is reviewing claims by FINRA against this brokerage firm.
According to a recent Letter of Acceptance, Waiver and Consent, FINRA alleged that between January 2016 and May 2019, the firm failed to reasonably supervise unsuitable investment recommendations to purchase variable interest rate structured products. It was further alleged that three representative of Paulson made these recommendations to 70 customers.
Paulson Investment Company, which is based in Lake Oswego, Oregon, was alleged to have violated FINRA Rules 3110 and 2020 by failing to sufficiently supervise these transactions. These complex products can carry considerable risk. A “steepener” is one type of variable rate interest product. FINRA further alleged that six customers suffered total losses exceeding $123,000. To settle these allegations, they agreed to pay a $150,000 fine.
Our investment fraud law firm represents investors in FINRA arbitration throughout the U.S., including investors in Oregon. We have offices in Seattle; Vancouver, Washington; Denver; and Phoenix. We have represented investors against numerous broker dealers in the past, including Paulson Investment Company Corp.
If you lost money with Paulson Investment Company Corp. or variable interest rate structured products (VRSPs), contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.