Category Archives: Tradespot Markets (Beloyan Investment )

Mark Beloyan of Tradespot Markets Suspended by Securities Regulators-Davie, FL

December 2016-Davie, FL

The FINRA records of  Mark B. Beloyan,  a  stockbroker with Tradespot Markets, Inc. , disclose 3 prior regulatory events that are final and two financial disclosures.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In May 2016 Beloyan was named in a FINRA complaint alleging that he recommended penny stocks and engaged in penny stock transactions without complying the regulations required by the Securities Exchange Act. In addition, FINRA alleged that Beloyan sent customers suitability statements without first documenting an affirmative determination of suitability on the document in violation of industry rules and then altered information on the suitability forms.

Beloyan was suspended by FINRA in his capacity to function as a principal for 50 days. FINRA noted that “In light of Beloyan’s status, no monetary sanction has been imposed.”

In 2011, Beloyan was suspended for 2 months by FINRA in connection with the sale of unregistered shares and low priced stock. In 2012 Beloyan was suspended for 10 days for distribution of correspondence recommending the purchase of securities without providing a sound basis for his recommendation of the stock.

FINRA records indicate Beloyan settled two outstanding debts by compromise in 2012 and 2013.

 

Beloyan has been employed by Tradespot Markets, Inc. since 3/1992. He is also associated with Beloyan Investment Securities, Inc. in Davie, Florida.

If you have losses in an account in an account handled by Mark Beloyan , contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

FINRA Issues March 2012 Disciplinary Actions

FINRA (The Financial Industry Regulatory Authority) issues disciplinary and other actions monthly against member firms and individual stock brokers for violations of FINRA rules, federal securities laws, rules and regulations and the rules of the Municipal Securities Rulemaking Board (MSRB)

Here are the actions taken for the month of March 2012 against Florida members and individuals. For a complete listing of all actions, visit the FINRA website.

Tradespot Markets (formerly Beloyan Investment Securities, Inc.) & Mark B. Beloyan- Davie, FL: Fined $13,500 and suspended for 10 days for distributing misleading information in connection with sale of stock.

Spartan Securities Group LTD, Clearwater, FL-Censured and fined $52,500 and required to revise supervisory system and procedures related to order handling, best execution, anti-intimidation, trade reporting and other areas.

Erick Enrique Isaac-Aventura, FL– Barred from association with any FINRA member for payment of commissions to unregistered individual.

Scott David Mason-Debary, FL-Suspended for 18 months for establishing a hedge fund and sold partnership interests in the hedge fund without his firm’s permission, raising over $1 million.

Richard A Neaton-Port Charlotte, FL-Barred from association with any FINRA member for failure to disclose disciplinary actions and sanctions a state bar disciplinary board imposed on him.

Sergio M. Ripamonti-Sunny Isles Beach, FL-Barred from association with any FINRA member on findings that he conducted a securities business with an unregistered person.

Richard P Sandru-Fort Myers, FL– Barred from association with any FINRA member on findings he submitted forms for financial planning clients that resulted in the payment of improper fees to Sandur of more than $292,000.

Allan Anthony Scheer-Melbourne,FL-Fined $5,000 and suspended for four months for misrepresenting material information to potential clients.

Dominick A. Zavaglia, Jr.-Miami, FL– Fined $5,000 and suspended for six months for failing to timely disclose material facts on his form U4.

Firms Cancelled for Failure to Pay

Outstanding Fees 

Allegiant Securities L.L.C. (CRD #133912)

Miami, Florida

(January 11, 2012)

 

American Classic Financial Company

(CRD #24099)

Colorado Springs, Colorado

(January 24, 2012)

 

Cohen Capital Group, LLC (CRD #43418)

New York, New York

(January 11, 2012)

 

Hanmi Asset Securities, Inc. (CRD #137893)

Los Angeles, California

(January 30, 2012)

 

Lighthouse Capital Corporation

(CRD #41812)

Monterey, California

(January 30, 2012)

 

Madison Williams and Company, LLC

(CRD #149530)

New York, New York

(January 30, 2012)

 

Securities Corporation of America

(CRD #15286)

Dallas, Texas

(January 30, 2012)

 

Windfall Securities LLC (CRD #147779)

San Francisco, California

(January 30, 2012)

 

Individuals (FL only) Barred for Failure to Provide Current Information

 

Todd Nall Farmer (CRD #4364321)

Arlene Debra Cassinelli (CRD #2970803)

Michael Frank Louis (CRD #2287160)

Individuals (FL only) Suspended for Failure to Provide Current Information

 

Vladimir Avin (CRD #2625858)

Keith Kirkpatrick Lemley (CRD #1520929)

Paul Gerard Pfeiffer (CRD #4842017)

Patricia Claire Rodriguez (CRD #1947350)

If you have questions about the way your brokerage account is being handled or have unexplained losses in your stock market account, please do not hesitate to contact us .

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870