Paulson Investment Company, Inc. (Paulson), a wholly owned subsidiary of Paulson Capital Corp. (NASDAQ:PLCC), has reached an agreement in principle to transfer its retail operations to JHS Capital Advisors (JHS), a member of FINRA and SIPC and an MSRB registrant that is headquartered in Tampa, Fla. After the contemplated transaction, Paulson will continue to operate independently as a broker/dealer focused on its core competencies in boutique investment banking activities. The transaction is subject to approval by FINRA. If the transaction is completed, Paulson advisors will become registered representatives of JHS and, through JHS, will continue to use RBC Correspondent Services, a division of RBC Capital Markets, LLC, for custody of client assets and securities, trade execution and portfolio reporting, thereby minimizing the impact to clients. Founded in 2009, JHS oversees $2 billion in client assets and has nearly 100 advisors nationally. JHS is a subsidiary of JHS Capital Holdings; both were founded by John H. Sykes, founder of Sykes Enterprises Inc. (NASDAQ:SYKE). “JHS shares Paulson’s commitment to operating with the highest level of integrity and always putting clients first,” said Trent D. Davis, president and CEO of Paulson. “JHS is an excellent opportunity for our registered representatives because of its similar infrastructure that supports both employee and independent contractor representatives. In addition, our brokers and clients will benefit from JHS’s size, scope, extensive product platform, financial resources and industry-leading technologies.” “Paulson has been helping individuals and small businesses for more than 40 years, and we are proud to continue our tradition of excellent service,” said Chet Paulson, founder of Paulson. “We look forward to this next phase for Paulson of focusing on our expertise in investment banking.” After the transaction is completed, Paulson will continue to operate as a wholly owned subsidiary of Paulson Capital Corp., which in turn, will continue to trade under the symbol of “PLCC” on the Nasdaq Exchange.