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Former Paulson Investment Company LLC Financial Advisor Minish Hede Barred by FINRA for Fraud

Posted on Sunday, May 27th, 2018 at 8:53 am    

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Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Paulson Investment Company LLC financial advisor Minish Hede (CRD# 2389098). Hede was registered with Paulson Investment Company LLC in New York, New York from 2013 to May 2017, when he was terminated regarding, “Terminated subsequent to initiation of customer-related arbitration claim alleging fraud, negligence and unjust enrichment and for failure to comply with internal investigation.”

In February 2018, FINRA barred Hede after he failed to respond to FINRA request for information.

Hede has been the subject of five customer complaints between 1999 and 2017, two of which were denied and one was withdrawn, according to his CRD report:

April 2017. “Customer alleges fraud, negligent misrepresentations, negligence, and unjust enrichment.” The customer is seeking $1 million in damages and the case is currently pending.

June 1999. “Client alleges unauthorized use of margin and transaction size.” The customer sought $6,900 in damages and the case was settled for $6,260.16.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Paulson Investment Company LLC may be liable for investment or other losses suffered by Hede’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.