Jack Drapacz: Why Was Advisor Fired by Paulson Investment Company?

Boca Raton, Florida financial advisor Jack Drapacz (CRD# 3109596) was fired by a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that the former Paulson Investment Company representative is currently registered as a broker with Development Corporation for Israel.

Mr. Drapacz’s BrokerCheck report discloses his firing from Paulson Investment Company. Filed in February 2026, the disclosure states that the firm terminated him in connection with allegations that he “engaged in an investment related outside business activity without seeking prior approval from the firm.”

Investors should be aware that FINRA Rule 3270 prohibits brokers like Mr. Drapacz from participating in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule stipulates, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Representatives who violate this rule may be subject to disciplinary action and/or held liable for damages.

According to the Financial Industry Regulatory Authority, Jack Drapacz holds less than one year of securities industry experience. Based in Boca Raton, Florida, he has been registered as a broker with Development Corporation for Israel since May 2026. His past registrations include Paulson Investment Company and ISI Capital. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He is not currently licensed with any US state. (Information current as of June 4, 2026.)

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