The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”),
, announced today that it is investigating the sales practices of John Thomas Financial in connection with the solicitation of Liberty Silver Corp. (OTC: LBSV) shares to its customers. In January, FINRA sent a Wells Notice to Anastasios “Tommy” Belesis, the owner and chief executive of John Thomas Financial, for his role in an alleged pump-and-dump stock scheme. A Wells Notice issued by FINRA is an indication that the regulatory body may initiate disciplinary proceedings.
According to FINRA, Mr. Belesis “(1) willfully or recklessly sold a substantial portion of a firm proprietary position while failing to execute customer orders to sell shares of the same stock, at prices that would have satisfied the unexecuted customer orders; (2) failed to follow instructions by the customers to sell the shares; (3) used manipulative, deceptive and/or fraudulent means to artificially inflate the price of the stock; (4) made material misrepresentations, to customers, registered representatives and FINRA, about the reasons why the customer orders had not been executed; (5) falsified or failed to preserve the orders in question and other pertinent records; and (6) failed to reasonably supervise the receipt, documentation and execution of the customer orders.”
John Thomas Financial customers who have sustained losses in Liberty Silver Corp. can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered substantial investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have investment losses of $100,000 or more in Liberty Silver Corp., please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at