EXECUTIVE MANAGEMENT TEAM
Charles L.F. Paulson
Trent D. Davis
Murray Smith
Lorraine Maxfield


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Charles L.F. Paulson, Chairman
Charles L.F. Paulson was named Chairman of Paulson Investment Company, Inc. (Paulson) in August 2010. Mr. Paulson is the eldest son of the Company's Founder and Chairman, Chester "Chet" Paulson. He began his career with Paulson in 1974. During this time, he served as the Company's Head Trader and continues to serve as the Senior Vice President of Proprietary Trading. His duties include overseeing trading of the firm's investment accounts and advising senior management on market dynamics and trends that may affect or impact the value of its holdings. Mr. Paulson has served as a member of Paulson Investment Company, Inc.'s Board of Directors since 1994 and Paulson Capital Corp.’s Board of Directors since 2007. FINRA Licenses include: Series 7, 24, 55 and 63.

Trent D. Davis, President and Chief Executive Officer
Trent Davis has been with Paulson Investment Company, Inc. (Paulson) since 1991, and has served as the Company’s President and CEO since 2005. Prior to being appointed as President and CEO, Mr. Davis served as Senior Vice President of Paulson’s Syndicate Department. Mr. Davis is credited with bolstering the firm’s Syndicate Department, overseeing the syndication of over 50 public and private offerings and raising approximately $600 million.  Mr. Davis served as a board member and Chairman of the National Investment Banking Association. Mr. Davis holds a B.S. in Business and Economics from Linfield College, and has earned a Master’s Degree in Business Administration from the University of Portland. FINRA Licenses include: Series 7, 24, 63, 66 & 79.

Murray G. Smith, Chief Financial Officer
Murray G. Smith became Chief Financial Officer for Paulson Investment Company, Inc. in September 2010. Since August 2006, Mr. Smith has managed the Company’s programs to include Sarbanes-Oxley Compliance and Rule 3012 Compliance. He has consulted on the Profit-Sharing Plan and other Accounting projects. Mr. Smith began his career as an Auditor with Allegheny Teledyne Inc. and Arthur Andersen LLP. He joined Intel Corporation where he became the Compensation & Benefits Accounting Controller and Sarbanes-Oxley Compliance Manager. In addition, Mr. Smith has worked as Controller of Calypte Biomedical Corp., Sarbanes-Oxley Consultant for AVI BioPharma, Inc., and Chief Financial Officer for Jewett-Cameron Trading Company. Mr. Smith earned a Bachelor of Arts Degree in Business Administration from the University of Washington. He is a Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE). FINRA Licenses include: Series 7, 27 and 66.

Lorraine Maxfield, Senior Vice President of Corporate Finance
Lorraine Maxfield has been with Paulson Investment Company, Inc. (Paulson) since 1983. She currently serves as Senior Vice President of Corporate Finance and previously served as Senior Vice President of Research. Ms. Maxfield worked as a junior high school teacher for seven years before joining Paulson, teaching classes in English Literature and Grammar, Speech, and Drama. Ms. Maxfield attended the University of Oregon where she earned a B.A. in English and a M.A. in English Education, and later returned to the University of Oregon to earn her Master’s Degree in Business Administration. Ms. Maxfield is also a Chartered Financial Analyst (CFA). FINRA Licenses include: Series 7, 24 & 63.