“John Thomas Financial, the beleaguered Wall Street brokerage firm founded by celebrity broker Tommy Belesis, has fallen so far it’s now six feet under. The formerly high-flying brokerage firm, which once boasted attendants in its office bathroom and ties to famed film director Oliver Stone, filed termination requests with federal and state regulators.  In March, the SEC filed a lawsuit against Belesis and George Jarkesy, a Houston radio host, accusing them of deceiving investors of a hedge fund allegedly controlled by Belesis.  In April, Finra filed a complaint accusing Belesis of selling the brokerage firm’s shares ahead of clients and intimidating and harassing brokers.”

http://www.economicpolicyjournal.com/2013/07/remember-8-pressure-stock-pitches.html

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