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Eric Davidson: Aegis Denies $300K Complaint Against Portland Advisor
Portland, Oregon financial advisor Eric Davidson (CRD# 2731195) allegedly recommended unsuitable investments, according to a recent, denied investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Aegis Capital, having previously been registered with JHS Capital Advisors.
Mr. Davidson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2023, alleged that as a representative of Aegis Capital, he recommended unsuitable investments in unspecified products. The complaint alleged damages of $300,000 and was denied by his member firm.
An earlier investor complaint, filed in 2006, alleged that as a Paulson Investment Company representative, he engaged in unspecified misconduct in connection with an investment in Wood River Partners. The complaint reached a settlement of $180,000.
A third investor complaint, filed in 2005, similarly alleged that as a Paulson Investment Company representative, he engaged in misconduct relating to Wood River Partners. In 2007 the complaint reached a settlement of $187,500.
A fourth disclosure on Mr. Davidson’s BrokerCheck report describes a FINRA sanction against him. Filed in 2009, the sanction alleged that he participated in private securities transactions involving “the sale to two investors of $500,000 in limited partnerships in a hedge fund” and engaged in outside business activities without providing prior written notice to his member firm. In connection with these findings, he was issued a fine of $2,665.68.
According to the Financial Industry Regulatory Authority, Eric Davidson holds 27 years of securities industry experience. Based in Portland, Oregon, he has been a broker and an investment advisor with Aegis Capital since 2015. His registration history includes JHS Capital Advisors (Portland, Oregon; 2012-2015), Paulson Investment Company (Portland, Oregon; 2004-2012_, MS Howells & Company (Scottsdale, Arizona; 2003-2004), UBS Financial Services (Weehawken, New Jersey; 2001-2003) Merrill Lynch (New York, New York; 1997-2001), and US Bancorp Securities (Portland, Oregon; 1996-1997). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 21 state licenses. (Information current as of September 25, 2023.)
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