formsc13g.htm

1.	Names of Reporting Persons.
	I.R.S. Identification Nos. of above persons (entities only).

	Chester L.F. and Jacqueline M. Paulson as Joint Tenants

2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	a. o
	b. þ

3.	SEC Use Only

4.	Citizenship or Place of Organization

	United States of America

	5.	Sole Voting Power

		233,512
Number of
Shares	6.	Shared Voting Power
Beneficially
Owned by		1,273,294
Each
Reporting Person	7.	Sole Dispositive Power
With:
		233,512

	8.	Shared Dispositive Power

		1,273,294

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

	1,506,806

10.	Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) o

11.	Percent of Class Represented by Amount in Row 9

	11.67

12.	Type of Reporting Person (See Instructions)

	IN

Footnotes:

Chester L.F. and Jacqueline M. Paulson (together the "Paulsons") may be deemed to control Paulson Capital Corp ("PLCC"), which wholly owns Paulson Investment Company, Inc. ("PICI"). The Paulsons control and are the managing partners of the Paulson Family LLC ("LLC"), which is a controlling shareholder of PLCC, which is the parent company for PICI.

CUSIP No. 74765L202

1.	Names of Reporting Persons.
	I.R.S. Identification Nos. of above persons (entities only).

	Paulson Capital Corp.
	93-0589534

2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	a. 
	b. þ

3.	SEC Use Only

4.	Citizenship or Place of Organization

	United States of America

	5.	Sole Voting Power

		0
Number of
Shares	6.	Shared Voting Power
Beneficially
Owned by		1,273,294
Each
Reporting Person	7.	Sole Dispositive Power
With:
		0

	8.	Shared Dispositive Power

		1,273,294

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

	1,273,294

10.	Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions) o

11.	Percent of Class Represented by Amount in Row 9

	9.96

12.	Type of Reporting Person (See Instructions)

	BD, CO

Footnotes:

Paulson Capital Corp. ("PLCC") wholly owns Paulson Investment Company, Inc. ("PICI"). PLCC is a corporation and PICI is a broker-dealer.

Item 1.

a.	Name of Issuer

	The Quantum Group, Inc.

b.	Address of Issuer's Principal Executive Offices

	3420 Fairlane Farms Road, Suite C
	Wellington, Florida 33414

Item 2.

a.	Name of Person Filing

	This statement is being filed jointly by each of the following persons pursuant to Rule 13d-1(k) promulgated by the Securities and Exchange Commission under Section 13 of the Securities Exchange Act of 1934, as amended: (i) Chester L.F. Paulson and Jacqueline M. Paulson, as joint tenants and each individually (together, the "Paulsons") who control and are the managing partners of the Paulson Family LLC ("LLC"); and (ii) Paulson Capital Corporation ("PLCC"), an Oregon corporation, which directly wholly owns Paulson Investment Company, Inc. ("PICI"), an Oregon corporation. The Paulsons and PLCC are collectively referred to as the "Reporting Persons". The Reporting Persons schedule 13G Joint Filing Agreement is attached as Exhibit 1.

	Information with respect to the Reporting Persons is given solely by such Reporting Persons, and no Reporting Person assumes responsibility for the accuracy or completeness of the information by another Reporting Person, except as otherwise provided in Rule 13d-1(k). By their signatures on this statement, each of the Reporting Persons agree that this statement is filed on behalf of such Reporting Persons.

b.	Address of Principal Business Office or, if None, Residence

	The Paulsons, PLCC's, and PICI's principal business address is:

	811 SW Naito Parkway, Suite 200
	Portland, Oregon 97204

c.	Citizenship

	The Paulsons are citizens of the United States of America, and PLCC and PICI are organized under the laws of the United States of America.

d.	Title of Class of Securities

	Common Stock for The Quantum Group Inc.

e.	CUSIP Number

	74765L202

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

a.	þ	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
b.	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
c.	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
d.	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
e.	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
f.	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
g.	o	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
h.	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
i.	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
j.	o	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4. Ownership

a.	Amount beneficially owned:

	The Paulsons may be deemed to be the beneficial owners of a total of 1,506,806 shares of Issuer Common Stock. The precise owners of these shares is described more specifically in this paragraph. The Paulsons may be deemed to control Paulson Capital Corp. ("PLCC"), which wholly owns Paulson Investment Company, Inc. ("PICI"). The Paulsons control and are the managing partners of the Paulson Family LLC ("LLC"). Chester Paulson directly owns 101,920 shares of Issuer Common Stock and 131,592 of Issuer Warrants exercisable into 131,592 shares of Common Stock. Jacqueline M. Paulson directly owns 0 shares of Issuer Common Stock. The Paulsons may be deemed to indirectly own 0 shares of Issuer Common Stock, 0 Issuer Warrants, Underwriter Warrants exercisable into 588,000 shares of Issuer Common Stock, and Convertible Promissory Notes convertible into 685,294 shares of Issuer Common Stock through PICI. Pursuant to SEC rule 13d-4, the Paulsons expressly disclaim beneficial ownership of the 0 shares of Issuer Common Stock, 0 shares of Issuer Warrants, Underwriter Warrants exercisable into 840,000 shares of Issuer Common Stock, and Convertible Promissory Notes convertible into 685,294 shares of Issuer Common Stock of which PICI is record owner.

b.	Percent of class:

	As of September 21, 2009, the Issuer had 11,511,021 shares of Issuer Common Stock issued and outstanding, as reported in their 10-Q filed September 21, 2009 (the "Issuer Outstanding Shares"). The Paulsons actual and deemed beneficial ownership of Issuer Common Stock represented approximately 11.67% of the Issuer Outstanding Shares. PLCC's indirect beneficial ownership of Issuer Common Stock represented approximately 9.96% of the Issuer Outstanding Shares.

c.	Number of shares as to which the person has:

	i.	Sole power to vote or to direct the vote:

		The Paulsons have sole power to vote or direct the vote of 233,512 shares. PLCC has sole power to vote or direct the vote of 0 shares.

	ii.	Shared power to vote or to direct the vote:

		The Paulsons have shared power to vote or direct the vote of 1,273,294 shares. PLCC has shared power to vote or direct the vote of 1,273,294 shares.

	iii.	Sole power to dispose or to direct the disposition of:

		The Paulsons have sole power to dispose or direct the disposition of 233,512 shares. PLCC has sole power to dispose or direct the disposition of 0 shares.

	iv.	Shared power to dispose or to direct the disposition of:

		The Paulsons have shared power to dispose or direct the disposition of 1,273,294 shares. PLCC has shared power to dispose or direct the disposition of 1,273,294 shares.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

N/A

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

See Item 4(a)

Item 8. Identification and Classification of Members of the Group

N/A

Item 9. Notice of Dissolution of Group

N/A

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

October 19, 2009

Date

/s/ Chester L.F. Paulson

Signature

Chester L.F. Paulson

Individually

Name / Title

/s/ Jacqueline M. Paulson

Signature

Jacqueline M. Paulson

Individually

Name / Title

Paulson Capital Corp.

/s/ Chester L.F. Paulson

Signature

Chester L.F. Paulson

Chairman of the Board

Name / Title

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

DATED: October 19, 2009	PAULSON CAPITAL CORPORATION


	/S/ CHESTER L.F. PAULSON
	By: Chester L.F. Paulson
	Its: Chairman of the Board


	PAULSON INVESTMENT COMPANY, INC.

	/S/ CHESTER L.F. PAULSON
	By: Chester L.F. Paulson
	Its: Chairman of the Board


	/S/ CHESTER L.F. PAULSON
	By: Chester L.F. Paulson, an individual


	/S/ JACQUELINE M. PAULSON
	By: Jacqueline M. Paulson, an individual