EXECUTIVE MANAGEMENT TEAM
Chester L.F. Paulson
Trent D. Davis
Karen Johannes
Nils Ericson
Lorraine Maxfield
Chris Schreiber
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Chester L.F. Paulson, Founder and Chairman
Chester L. F. Paulson founded Paulson Capital Corp. in 1970 and has served as its Chairman, President and CEO since that time. Mr. Paulson is also the Co-Founder and Chairman of Paulson Capital Corp.’s wholly owned subsidiary, Paulson Investment Company, Inc. (originally Paulson Trading Company). Mr. Paulson has been actively involved in the investment banking, financial consulting and project funding for over 40 years. In 1959, Mr. Paulson started his career as a securities trader for June S. Jones Company in Portland, Oregon. Mr. Paulson served in the United States Army as a member of the Army Security Agency and graduated from the University of Oregon with a B.S. in Economics. He furthered his education at the University of Portland where he obtained his Master’s Degree in Business Administration. He currently serves as a board member for the National Investment Bankers Association and is a member of the Securities Traders Association and Southern California Investment Association.

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. He began his career in the Company’s Operations Department and quickly rose through the ranks of the organization. Mr. Davis is credited with bolstering the firm’s Syndicate Department, overseeing the syndication of over 40 public 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.

Karen Johannes, Chief Financial Officer
Karen Johannes possesses many years' experience in the areas of accounting and finance, and has authored numerous articles on business valuation for the newsletter Insights, which was published by her former employer, Willamette Management. Ms. Johannes served as Paulson's Senior Vice President of Accounting for three years prior to her promotion to Chief Financial Officer in March 2006. Ms. Johannes graduated from Oregon State University with a B.S. in Business Administration, and has earned a Master’s Degree in Business Administration from the University of Washington. Ms. Johannes is also a Certified Public Accountant (inactive). FINRA Licenses include: Series 27.

Nils Ericson, Chief Compliance Officer
Nils A. Ericson joined Paulson in February 2010 as the Chief Compliance Officer for all aspects of Paulson Capital Corp. business.  Mr. Ericson brings nearly 25 years experience as a compliance professional working with securities and consulting firms, with specific expertise in sales and trading surveillance, risk management, monitoring and process refinement implementations. He began his career as a trading manager based in San Diego, California and oversaw all trading books and records.  Mr. Ericson furthered his career in the role of Vice President of Compliance/Trading at two California based financial services firms and during this time developed internal processes and procedures to add efficiency, transparency, and productivity in accordance with regulations.  Prior to joining Paulson, Mr. Ericson served as the Compliance Manager at Private Consulting Group, Inc. in Portland, OR where he was responsible for management of all trading functions and regulatory reporting, development and administration of monitoring systems for surveillance reporting, supervision and hosting of firm wide training efforts, Investment Advisory billing and reporting, as well as extensive electronic communications reviews. Mr. Ericson attended the University of San Diego, majoring in Business Administration and has been residing in the Portland area for the last 4 years.  FINRA licenses include: Series 7,4,24,53,55,3,63.

Lorraine Maxfield, Senior Vice President of Corporate Finance
Lorraine Maxfield has been with 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.

Chris Schreiber, Senior Vice President of National Sales
Chris Schreiber has been with Paulson since 2002.  In 2006, he was promoted to Senior Vice President of National Sales and continues to manage Paulson’s Manhattan branch office. In his current position, Mr. Schreiber supervises the Company’s national retail sales and recruiting. Mr. Schreiber earned a Bachelor of Arts degree in Political Science from Johns Hopkins University. While at Johns Hopkins, Mr. Schreiber was a member of two National Championship Lacrosse teams and the recipient of the 1986 Johns Hopkins Turnbell-Reynolds award given for leadership and sportsmanship. FINRA Licenses include: Series 7, 24 & 63.