Today, the Securities and Exchange Commission (SEC) charged Thomas Belesis, owner of independent broker-dealer, John Thomas Financial, and a Houston-based hedge fund manager, with defrauding investors. The SEC said hedge fund manager George R. Jarkesy Jr., worked closely with Mr. Belesis to launch two hedge funds that raised $30 million from investors, and that as […]

Soreide Law Group is investigating potential claims against John Thomas Financial. John Thomas Financial raised approximately $5,000,000 as the lead underwriter for America West. Certain investors were advised that within approximately six months the private placement shares would convert to publicly traded stock and all the investors would realize short-term profits. Instead, investors have suffered […]