SEC v. Paulson Investment Company LLC (suspicious activity reporting, 2024)

Settled

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In November 2024, the SEC settled charges against broker-dealer Paulson Investment Company LLC, ordering a US$75,000 penalty for suspicious activity reports that omitted required details, including one referring to a possible wash sale pattern.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	34-101706
Date filed	2024-11-22
Date resolved	2024-11-22
Status	settled
Criminal parallel	No
Defendants	Paulson Investment Company LLC (entity)
Techniques

What was ordered

Civil penalty: $75k
Disgorgement: —
Prejudgment interest: —
Total relief: $75k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on November 22, 2024 as release 34-101706. The respondents named are Paulson Investment Company LLC (0 individuals, 1 entity).

The order finds that Paulson's reports lacked information FinCEN requires. In one June 2022 example the narrative mentioned a wash sale exception report suggesting day trading for market manipulation but gave no subject name, securities, dates or amounts. Paulson is not charged with wash trading.

This library applies no technique tag to the matter. The violation is an incomplete suspicious activity reporting failure, not manipulative trading by the respondent.

A $75,000 civil money penalty, a censure, and cease-and-desist relief.

Paulson consented to the order without admitting or denying the findings.

Timeline

2024-11-22 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.