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Follow on Google News | SEC Launches Investigation into Thomas Belesis, John Thomas Financial, and Two Hedge FundsBy: Soreide Law Group, PLLC According to the SEC’s order instituting administrative proceedings against Jarkesy, Belesis, and their firms, Jarkesy launched the two hedge funds in 2007 and 2009, and they were called John Thomas Bridge and Opportunity Fund LP I, and John Thomas Bridge and Opportunity Fund LP II. The funds invested in three asset classes: bridge loans to start-up companies, equity investments principally in microcap companies, and life settlement policies. Jarkesy mispriced certain holdings to increase the net asset values of the funds, which were the basis for calculating the management and incentive fees that Jarkesy deducted from the funds for himself. Jarkesy also falsely claimed that prominent service providers such as KPMG and Deutsche Bank worked with the funds. Click on the link to read the full SEC article below: http://www.sec.gov/ For a free consultation with an attorney to discuss filing a FINRA arbitration against John Thomas Financial to potentially recoup your investment losses call (888) 760-6552 or visit http://www.securitieslawyer.com. End
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