John Thomas Financial CEO, Anastasios “Tommy” Belesis, has been under the scrutiny of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority Inc. (FINRA) over the past few months. Now he is in danger of losing his office on 14 Wall Street, where John Thomas occupies the entire 23rd floor, according to a report in the New York Post. John Thomas is also suffering a recent “slew of employee defections,” according to the Post. Those leaving include head of research Wayne Kaufman.
“The 38,705-square-foot space has been on the market for two weeks through real estate brokerage CBRE [fusion_builder_container hundred_percent="yes" overflow="visible"][fusion_builder_row][fusion_builder_column type="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="no" center_content="no" min_height="none"][Inc.], according to the real estate listing service CoStar Group,” the Post reported.
Belesis built an independent broker-dealer across the street from the New York Stock Exchange. He is a flamboyant, sharp-dressed executive with a yen for an “old school” type of Wall Street featuring hard-charging brokers, and he had 15 minutes of fame with a walk-on roll in an Oliver Stone movie.
In March, the SEC charged Belesis and a Houston radio host with deceiving investors in two hedge funds. Then FINRA filed a complaint in April alleging that Belesis had harassed John Thomas brokers.
Belesis opened John Thomas in 2007 and moved to 14 Wall Street two years later, according to the Post. At its peak, the firm had 200 brokers. To motivate its sales force, John Thomas in the mornings blasted “Eye of the Tiger” and other “Rocky” themes, according to the Post.
If you were a client of Thomas “Tommy” Belesis, and/or his firm, John Thomas Financial (JTF), you may have a potential claim for recovery. Call Soreide Law Group for a free consultation with an attorney: 888-760-6552.
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