Minish Joe Hede (CRD# 2389098) has been with Paulson Investment Company since 2013. In a regulatory action from 2017, FINRA found that Hede failed to respond to a FINRA request for information. Hede also failed to request termination of his earlier suspension within the allotted time. As a result, FINRA permanently barred Hede from being associated with any FINRA member firm. Hede was also discharged from Paulson Investment Company in 2017. The firm terminated Hede after a customer filed a complaint alleging negligence, fraud, and unjust enrichment. The firm also stated that Hede failed to comply with its internal investigation into the matter.
Hede has also been the subject of several customer disputes. In one dispute pending from 2017, the Claimant alleges fraud and unjust enrichment in connection with the sale of promissory notes; the Claimant alleges damages of $1,000,000. In another complaint from 1999, the Claimant alleged unauthorized use of margin trading by Hede. The case settled for over $6,000.
FINRA requires its members to “have a reasonable basis to believe that a recommended transaction or investment strategy” is suitable for a customer given their individual needs. FINRA also requires that its members refrain from engaging in fraudulent or deceptive practices with their customers.
Contact Our Firm if You’ve Invested with Minish Joe Hede
If you invested with Minish Joe Hede and believe you have lost money due to his misconduct, you may be able to file a claim to recover your losses through FINRA arbitration. For a free evaluation of your potential case by a securities attorney, please contact Silver Law Group.
Silver Law Group is a nationally-recognized securities law firm headquartered in South Florida representing investors worldwide with their claims for losses due to securities and investment fraud. The firm has successfully recovered multi-million dollar awards for its clients through securities arbitration and the courts. To contact Scott L. Silver to discuss your legal matter, call toll-free (800) 975-4345 or e-mail him at SSilver@silverlaw.com.