Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers has initiated an investigation into Boca Raton, Florida financial advisor Jack Drapacz (CRD# 3109596), focused on his employment history, regulatory disclosures, and any potential risks to investors. Our firm brings over 95+ years of combined securities law experience, an AV Preeminent ranking in the Top 2% by Martindale-Hubbell, Super Lawyers recognition, and a 98% success rate across hundreds of investor claims. Leveraging our background as former Wall Street defense attorneys, we provide unique insights to advocate for investors and strive to recover losses with our “no recovery, no fee” commitment.
Background of Jack Drapacz: Boca Raton, Florida Financial Advisor
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Jack Drapacz is currently a registered broker with Development Corporation for Israel and previously held a position with Paulson Investment Company. Drapacz’s career in the securities industry began less than a year ago, indicating limited industry tenure. According to BrokerCheck, he has successfully completed the necessary licensing examinations, including:
- Securities Industry Essentials Examination (SIE)
- General Securities Representative Examination (Series 7TO and Series 7)
- Uniform Securities Agent State Law Examination (Series 63)
He is reportedly not currently registered in any U.S. state jurisdictions.
Termination from Paulson Investment Company: Alleged Rule Violations
A significant red flag emerged in February 2026, when Drapacz was terminated by Paulson Investment Company for allegedly participating in an investment-related outside business activity without obtaining prior approval, a potential violation of FINRA Rule 3270.
FINRA Rule 3270 generally prohibits registered brokers from engaging in outside business activities without providing prior written notice to their employing firm. Violations may result in regulatory scrutiny, disciplinary action, and potential liability if investors were harmed.
Key Concerns for Investors: Red Flags and Regulatory Framework
| Red Flag | Details | Potential Investor Impact |
|---|---|---|
| Termination for Outside Business Activities | Paulson Investment Company reported that Drapacz was fired for engaging in undisclosed, investment-related outside business activity. | This may raise concerns about transparency, supervision, and potential conflicts of interest. Unapproved activity can create risks that are not monitored by the firm. |
| Limited Industry Experience | Less than one year of registered securities industry experience. | Investors have a limited track record to review when assessing competence, compliance history, and professional judgment. |
| Lack of State Registration | Not currently registered in any U.S. state jurisdictions. | This may raise questions about where he is authorized to conduct securities business and the scope of applicable oversight. |
Disclosure Review: Complaints and Regulatory Actions
Our review of Drapacz’s regulatory background, based on publicly available sources as of June 4, 2026, including BrokerCheck, SEC records, and court filings, reflects the following:
- Customer Complaints:
- No customer disputes or investor arbitration awards were identified in public records reviewed.
- Regulatory Actions:
- No SEC enforcement actions or cease-and-desist orders were identified under Drapacz’s name or CRD number in the sources reviewed.
- No FINRA disciplinary actions were identified beyond the reported employment termination disclosure.
- Civil Litigation:
- No investment-related civil lawsuits naming Drapacz as a defendant were identified in the court records reviewed.
- Other Inquiries and Investigations:
- No additional public evidence of ongoing or prior regulatory inquiries was identified, apart from routine licensing-related records.
Although no customer complaints or formal enforcement actions were identified in the public materials reviewed, the termination relating to alleged outside business activity remains a material issue that may warrant investor caution.
What This May Mean for Investors
A termination involving alleged unapproved outside investment-related activity is an important disclosure that investors should evaluate carefully. Such conduct can suggest activity occurring outside a firm’s compliance and supervisory structure, potentially exposing investors to risks that were not reviewed or approved by the broker-dealer.
Investors should also consider an advisor’s experience level when assessing background and risk. Drapacz’s short tenure in the securities industry may leave prospective clients with limited information to evaluate his history, judgment, and compliance record.
Our Ongoing Investigation and Potential Recovery Options
Our firm is continuing to review available FINRA and regulatory records, as well as employment-related disclosures concerning Jack Drapacz, the Boca Raton, Florida-based representative currently associated with Development Corporation for Israel. We are assessing whether additional review may be appropriate and whether any investor harm may have occurred. If you or someone you know worked with Mr. Drapacz or Paulson Investment Company and experienced losses or suspect questionable investment activity, we are available to evaluate your situation.
- 98% success rate in recovering investor losses
- 95+ years of combined experience, including former Wall Street defense attorneys now representing investors
- Over $520 million handled in securities matters
- No recovery, no fee — you pay nothing unless funds are recovered on your behalf
What You Can Do If You Have Concerns
If you invested with Jack Drapacz, Paulson Investment Company, or Development Corporation for Israel and have concerns about your account, investment recommendations, or financial losses, you may wish to seek guidance from counsel experienced in securities and investment fraud matters.
Contact us today for a free, confidential consultation at 1-888-885-7162. We are prepared to review your potential claims and discuss available options.
All information above is based on publicly available disclosures and records reviewed as of June 4, 2026. For the most current information and to discuss your specific circumstances, please contact our team.
