Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

March 28, 2015 12:05 PM ET

Capital Markets

Company Overview of John Thomas Financial, Inc.

Company Overview

John Thomas Financial, Inc. is based in New York, New York. The firm went out of business.

14 Wall Street

23rd Floor

New York, NY 10005

United States

Founded in 1996





Key Executives for John Thomas Financial, Inc.

John Thomas Financial, Inc. does not have any Key Executives recorded.

John Thomas Financial, Inc. Key Developments

Financial Industry Regulatory Authority, Inc. Files Complaint Against John Thomas Financial, Inc. and its Chief Executive Officer, Anastasios Belesis, Charging Fraud in Connection with the Sale of America West Resources, Inc.'s Common Stock

Financial Industry Regulatory Authority, Inc. announced that it has filed a complaint against John Thomas Financial, Inc. and its Chief Executive Officer, Anastasios "Tommy" Belesis, charging fraud in connection with the sale of America West Resources, Inc. common stock, intimidation of registered representatives, trading ahead, failing to provide best execution for customer orders and various other violations. The complaint also names Michele Misiti, Branch Office Manager; John Ward, trader; Joseph Castellano, Chief Compliance Officer; and Ronald Vincent Cantalupo, Regional Managing Director. John Thomas Financial and many of its customers owned America West Resources stock as a result of participation in the company's private financings. According to the complaint, on Feb. 23, 2012, the price of America West Resources' common stock, which at the time was thinly traded on the OTC Bulletin Board, spiked higher, by over approximately 600%, opening at 28 cents per share, peaking at $1.80 per share and eventually closing the day at $1.29 per share. On the same day, John Thomas Financial sold 855,000 shares, the majority of its proprietary position in America West Resources, reaping proceeds of more than $1 million. The complaint alleges that while John Thomas Financial sold its shares at the height of the price spike, the firm received at least 15 customer orders to sell more than one million shares, yet only entered one of these orders for execution on Feb. 23, 2012. Instead, John Thomas Financial and Belesis prevented the orders from being executed on the same day they were received and some customer orders were executed the following day or days after at prices grossly inferior to those obtained by the firm while other customer orders were not entered or executed at all. AWSR is now in bankruptcy and the customers' investments are virtually worthless. In addition, the complaint alleges that JTF and Belesis, through Misiti and Castellano, lied to the firm's registered representatives and customers about the reasons the customer shares could not be sold on Feb. 23, 2012, including that there was a problem with the clearing firm's trading systems, there was insufficient volume on that day to fill the orders, and the shares could not be sold because they were restricted under the Securities Act of 1933. FINRA further alleges that to conceal that the firm received the orders during the February 23 price spike but failed to execute them, JTF and Belesis, through Misiti, "lost" order tickets for customer orders received on Feb. 23, 2012, and replaced six of those tickets with falsified tickets dated Feb. 24, 2012. Belesis and Misiti also made misrepresentations to FINRA concerning Belesis' role in the misconduct. Also, the complaint charges John Thomas Financial, Belesis, Castellano and Cantalupo with violating FINRA's anti-intimidation rule by physically threatening, harassing and assaulting registered representatives who have disagreed with Belesis' business practices, and threatening to ruin the registered representatives' financial careers by improperly marking their industry records. Under FINRA rules, a firm or individual named in a complaint can file a response and request a hearing before a FINRA disciplinary panel. Possible sanctions include a fine, censure, suspension or bar from the securities industry, disgorgement of gains associated with the violations and payment of restitution. The issuance of a disciplinary complaint represents the initiation of a formal proceeding by FINRA in which findings as to the allegations in the complaint have not been made, and does not represent a decision as to any of the allegations contained in the complaint.

Similar Private Companies By Industry

Company Name Region
GreenCrest Capital Management LLC, Advisory Arm United States
SVM Associates Limited United States
FFC Capital Corporation United States
Welco Securities, Inc. United States
Altura Capital Group, LLC United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact John Thomas Financial, Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at