Minish Joe Hede of New York New York is a stockbroker formerly registered with Paulson Investment Company LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide a response to FINRA’s request for information pertaining to Hede’s activities. FINRA Case No. 2016052540601 (Feb. 13, 2018).
Apparently, FINRA suspended Hede on February 13, 2018 and informed him that he would be automatically barred if he did not request that his suspension be lifted by February 12, 2018. Evidently, Hede failed to respond to the regulator by the deadline which resulted in his automatic bar.
Hede was fired by Paulson Investment Company, LLC on April 28, 2017 founded on accusations that he was subject of customer disputes pertaining to allegations of fraud and failed to comply with the company’s investigation into his activities.
FINRA Public Disclosure reveals that Hede has been identified in five customer initiated investment related disputes containing accusations of his improper conduct during the period that he was employed with JW Genesis Securities, Inc., Josephthal & Co., Inc. and Paulson Investment Company, LLC. In particular, on December 22, 2016, a customer filed an investment related written complaint regarding Hede’s activities where the customer sought $1,000,000.00 in damages based upon allegations of selling away, omissions & misrepresentations, and fraud in reference to the customer’s promissory note arrangement. Hede has been associated with ten different broker dealers, seven of which have been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach
Thereafter, a customer filed an investment related arbitration claim involving Hede’s conduct in which the customer requested $1,000,000.00 in damages supported by accusations that misrepresentations had been made to the customer and the customer was defrauded in reference to a promissory note investment. FINRA Arbitration No. 17-00876 (Apr. 13, 2017).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
