Violation Tracker Individual Record
A Financial Industry Regulatory Authority hearing panel expelled John Thomas Financial (JTF), of New York, NY, and barred its chief executive officer from the securities industry for violations in connection with the sale of America West Resources, Inc. common stock, including trading ahead of customers' orders, recordkeeping violations, violating just and equitable principles of trade, and for providing false testimony. The panel also jointly and severally ordered JTF and the CEO to pay $1,047,288, plus interest, to customers. They were also jointly and severally fined $100,000.
FINRA is a securities industry self-regulatory body authorized by the federal government.