NEW YORK--(BUSINESS WIRE)--The Securities Law Firm of Menzer & Hill, P.A. (www.suemyadvisor.com) announced today that it is investigating John Thomas Financial related to trading involving the security Liberty Silver Corp (OTC Markets: LBSV)(Toronto: LSL.TO). Last month the Financial Industry Regulatory Authority Inc. (“FINRA”) filed a Wells Notice against “Tommy” Belesis, the owner and chief executive of John Thomas Financial, for his role in an alleged pump-and-dump stock scheme.
“failed to follow instructions by the customers to sell the shares.”
The FINRA complaint alleges, Mr. Belesis “willfully or recklessly sold a substantial portion of a firm proprietary position in (Liberty Silver Corp) while failing to execute customer orders to sell shares of the same stock at prices that would have satisfied the unexecuted orders,” according to BrokerCheck. The claim also alleges that John Thomas Financial “failed to follow instructions by the customers to sell the shares.” Additionally, FINRA claims the John Thomas CEO artificially inflated the price of stock.
Investors that maintained investment accounts with John Thomas Financial and invested in Liberty Silver Corp should contact the attorneys at the Securities Law Firm of Menzer & Hill, P.A. to determine if they have a claim for a recovery of losses.
For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.