FINRA Files Complaint Against Mark Beloyan

Soreide Law Group is investigating possible investor claims against securities broker Mark Beloyan (also known as Mark Bedros Beloyan) [CRD: 1392748, Davie, FL]. Evidently, FINRA filed an enforcement or civil action against the securities broker, who worked for Tradespot Markets Inc. Allegedly, Beloyan engaged in unregistered securities transactions. Moreover, an investor complained about him. Here is a brief summary of the allegations against Mark Beloyan.

FINRA Charges Beloyan With Unregistered Securities Sales

Notably, on September 13, 2022, FINRA initiated Case: 2019050700302 against Mark Beloyan. Notably, FINRA alleged that Mark Beloyan engaged in unregistered securities transactions. Supposedly, he helped liquidate shares of common stock in a company. That company did not have any registration statements on file when this happened, nor did the company have any exception to federal securities registration requirements.

Mark Beloyan Disclosed Churning Allegations By Tradespot Markets Inc. Client

Also, a client of Tradespot Markets Inc. contested Mark Beloyan’s sales practices by filing FINRA Arbitration: 21-02752 on November 8, 2021. Allegedly, Mark Beloyan churned accounts, engaged in unauthorized trading, made unsuitable recommendations, failed to supervise registered representatives, breached a fiduciary duty, and made misrepresentations to the client. It is alleged by the client that Mark Beloyan caused them to sustain damages on stocks. Therefore, the client asked for compensatory relief from Tradespot Markets Inc. or Beloyan in the amount of $103,366.26 in this dispute, which the firm and broker denied.

FINRA Sanctions Beloyan

Evidently, on May 4, 2016, FINRA issued Case: 2013037033101, sanctioning Beloyan for infractions. Specifically, Beloyan was issued a suspension (as principal) for 50 days. Notably, FINRA alleged that Beloyan recommended penny stocks without complying with Exchange Act and SEC rules.

Beloyan Employment Information

Beloyan worked for Tradespot Markets Inc. in Davie, FL, as a securities broker from March of 1992 to December of 2021.

Did Tradespot Markets Inc. Securities Broker Mark Beloyan Cause You To Experience Damages?

Have you experienced damages because of securities broker Beloyan? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for hundreds of investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Beloyan and brokerage firms Beloyan worked for deny any and all allegations of sales practice violations.