Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 27, 2017 indicate that New York-based Paulson Investment Company broker Minish Hede, also known as Joe Hede, has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hede (CRD# 2389098).
Minish Hede has spent 22 years in the securities industry and has been registered with Paulson Investment Company in New York, New York since 2013. Previous registrations include Roth Capital Partners in New York, New York; Advanced Equities in New York, New York; Wachovia Securities Financial Network in Woodbridge, New Jersey; JWGenesis Securities in Boca Raton, Florida; Josephthal & Company in New York, New York; Hampshire Securities in New York, New York; First Cambridge Securities in New York, New York; Sands Brothers; and Reich & Company. He is a registered broker with 50 US states and territories.
According to his BrokerCheck report, he has received one customer complaint and three complaints that were denied or withdrawn.
In December 2016, a customer alleged Minish Hede, while employed at Paulson Investment Company, misrepresented and omitted material facts related to investments and sold investments away from his member firm. The customer sought $1,000,000 in damages in the complaint, which was denied.
In 1999 a customer alleged Minish Hede, while employed at Josephthal & Company, used margin without authorization. The complaint settled for more than $6,200.
In 1999 a customer alleged Minish Hede, while employed at JW Genesis Securities, guaranteed that the investment would not incur losses. The customer sought $43,000 in damages in the complaint, which was denied.
In 1999 a customer alleged, while employed at Josephthal & Company, he failed to follow instructions to reduce margin exposure. The customer sought $131,495 in damages in the complaint, which was withdrawn.
Trading on “margin” refers to the investors borrowing funds from their broker-dealer to purchase a security. The security itself serves as the transaction’s collateral. Benefits to trading on margin include an increase of purchasing power, allowing investors to buy more securities without paying for them from one’s own funds. There are also many risks, namely the increase in potential for significant losses. Brokers, investment advisers, and broker-dealer firms who unsuitably recommend investments on margin may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have complaints regarding Minish Hede, also known as Joe Hede, call firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover your losses. All cases are taken on a contingency basis: we only get paid if and when you collect money. The law sets a limited window to file complaints, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.