PORTLAND, Ore., Feb. 13, 2013 (GLOBE NEWSWIRE) -- Paulson Capital Corp. (Nasdaq:PLCC) has agreed in principle to a change of ownership transaction for the Broker-Dealer license held by its wholly owned subsidiary, Paulson Investment Company, Inc. (PICI). Under the proposed transaction, the Broker-Dealer license, cash, and a majority of PICI's personnel will be transferred to a new limited liability company (LLC) in exchange for a 25% interest in the LLC to be held by Paulson Capital.
Paulson Capital Corp. Agrees To Change Of Ownership Transaction For The Broker-Dealer License Held By Paulson Investment Company, Inc.
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