‘Conveniently Lost’

“To conceal that the firm received the orders during the Feb. 23 price spike but failed to execute them on that day, certain of the respondents conveniently ‘lost’ at least 14 order tickets,” Finra said in the complaint. America West filed for bankruptcy a year later.

Ronald Cantalupo, a managing director at John Thomas, was also named in the complaint. In one case this year, Cantalupo confronted a banker, listed in the complaint as AC, who was planning to leave with his staff, Finra said. AC said he didn’t want to meet with Cantalupo because he’d previously been incarcerated for drug-related crimes, according to the complaint.

“Cantalupo told AC that, even if it meant he went back to prison, he would ‘get’ AC,” the regulator said.

According to Finra, Belesis berated another broker who was planning to leave, saying “f--- you, you’re done in this business, you’re done in this business, get the f--- out of here.” Cantalupo then shoved him, the regulator said.

Cantalupo had no immediate comment, when contacted by phone.

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