Gene Webb: Paulson Advisor Faces Unauthorized Trading Complaint

Portland, Oregon financial advisor Gene Webb (CRD# 1851855) allegedly made unauthorized purchases, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Paulson Investment Company, having previously been registered with GVC Capital.

Mr. Webb’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in July 2024, alleges that as a representative of Paulson Investment Company, he made unsuitable investment recommendations and unauthorized purchases in connection with private equity investments. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2019, alleged that as a Paulson Investment Company representative, he failed to enter a sell order. The complaint reached a settlement of $47,597.23. In a statement included with the complaint’s disclosure, Mr. Webb defended himself against the allegations. “I understand that my company chose to settle this matter to avoid a possible lengthy arbitration and potential legal fees, but I strongly disagree with the allegations made by the client,” he wrote. “I believe the client misunderstood a conversation regarding a “potential” sale for an actual order being given. I do not feel that I violated any securities rules and acted in the best interest of the client.”

A third investor complaint, filed in 2018, alleged that as a representative of GVC Capital, he misrepresented the suitability of certain investments and failed to execute a customer order. The complaint alleged damages of $160,000 and was closed.

According to the Financial Industry Regulatory Authority, Gene Webb holds 35 years of securities industry experience. Based in Portland, Oregon, he has been registered as a broker with Paulson Investment Company since 2016. His past registrations include GVC Capital (2005-2015), Kashner Davidson Securities Corporation (2002-2005), VFinance Investments (1993-2002), Paulson Investment Company (1992-1993), and Livingston Securities (1988-1992). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 53 state licenses. (Information current as of September 14, 2024.)

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