Paradigm Capital GP

The firm focuses on US small- and micro-cap equities, with additional activity in preferred shares and convertible securities. It is known as a market maker in names where institutional dealers no longer commit meaningful balance sheet, often acting as a designated liquidity provider for thinly traded Nasdaq and NYSE American-listed companies.

Revenue is generated through bid-ask spreads on principal trades, commissions on agency execution, and fees tied to corporate share repurchase programs. By acting as counterparty to block trades and Rule 10b-18 buyback orders, the firm earns transactional income that is orthogonal to asset-gathering economics.

Yes, it is a FINRA-registered broker-dealer and subject to SEC oversight. FINRA records from 2024 show active registration, and the firm was the subject of a 2023 SEC administrative proceeding concerning trade-reporting compliance — a matter that resulted in updated supervisory procedures rather than a suspension of operations.

Detailed principal and governance information is not publicly disclosed. The firm operates as a privately held broker-dealer with a lean organizational structure, and ownership or executive leadership has not been detailed in regulatory filings or public communications.