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Mark Beloyan: Suspended By FINRA

Mark BeloyanPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that Florida-based Tradespot Markets broker Mark Beloyan has been suspended by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Beloyan (CRD# 1392748).

Mark Beloyan has spent thirty years in the securities industry and has been registered with Tradespot Markets in Davie, Florida since 1992. Previous registrations include Corporate Securities Group in St. Louis, Missouri; Sunpoint Securities in Longview, Texas; Escalator Securities, which has been expelled by FINRA; and Rutherford Brown & Catherwood. He is a registered broker with twenty-two US states and territories: Arizona, California, Colorado, Connecticut, Florida, Georgia, Indiana, Maryland, Minnesota, Montana, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

According to his BrokerCheck report, Mark Beloyan has been sanctioned by FINRA.

In May 2016 FINRA sanctioned Mark Beloyan following allegations “that his member firm, while acting through him as its President, Chief Operating Officer, and owner, recommended penny stocks and engaged in penny stock transactions without complying with the requirements for penny stock transactions enumerated under Section 15(h) and Rule 15g-9 of the Securities Exchange Act of 1934.” According to FINRA’s complaint, Mr. Beloyan “sent customers a Customer Suitability Statement for their review and signature without first documenting an affirmative determination of suitability on the document.” He also allegedly falsified documents, and his firm, according to FINRA’s complaint, “created and maintained incorrectly prepared Customer Suitability Statements and created and incorrectly prepared Agreement to Purchase forms for customers.” Mr. Beloyan was issued a ten-day suspension from acting in any capacity and a 50-day suspension from acting in a principal capacity.

If you or someone you know has lost money investing with Mark Beloyan, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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