According to the NY Post this one won’t end up on the Tommy Belesis family highlights
reel. The embattled Wall Street exec’s John Thomas Financial brokerage was
charged yesterday with defrauding customers and threatening its brokers — at
times with physical retribution — for bucking his system.
The 6-year-old firm sold its shares of a skyrocketing stock
while putting client sell orders to the side, the Financial Industry Regulatory
Authority, or Finra, said in a lawsuit yesterday. It was the second regulatory action filed
against Belesis’ JTF in as many months.
The Securities and Exchange Commission, on March 22, charged Belesis and
a Houston radio
host with defrauding investors in a hedge fund….
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