operates as a holding company that, through its subsidiary, Paulson Investment Company, Inc., provides broker-dealer services in securities mainly in the United States.
The company engages in the purchase and sale of securities from and to the public and for its own account, as well as in investment banking activities.
Paulson’s activities are categorized into Securities Brokerage, Corporate Finance, Investment, and Trading and Market Making segments.
In the Securities Brokerage segment, the company acts as an agent for its customers in the purchase and sale of common and preferred stocks, options, warrants, and debt securities traded on securities exchanges or in the over-the-counter market.
The Corporate Finance segment raises capital for its corporate finance clients through public offerings and private offerings of securities of corporations that are engaged in a variety of businesses.
It participates in underwritings of corporate securities as managing underwriter and as a syndicate member.
Paulson’s Investment segment holds securities for investment.
Its investment portfolio principally consists of securities purchased for investment and underwriter warrants.
The Trading and Market Making segment acts as a principal in executing trades in equity securities, corporate debt securities, and municipal bonds.
As of December 31, 2003, the company employed 39 brokers and had independent contractor arrangements with 69 brokers registered with the National Association of Securities Dealers, Inc.
and operated 30 branch offices in the United States.
The company was established in 1970 and has principal executive offices in Portland, Oregon.
