Mark Bedros Beloyan of Davie, Florida, the president and chief compliance officer of Tradespot Markets Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beloyan based upon allegations that Beloyan facilitated the sale of unregistered securities and failed to supervise the securities broker dealer’s compliance with Securities Act relating to stock liquidations. FINRA Enforcement Action No. 2019060700302 (Sept. 13, 2022).
According to the Complaint, between August 2017 and November 2018, Beloyan allegedly participated in the liquidation of close to 23,000,000 shares of common stock of Supernova Energy Inc., to the investing public without a registration statement or an exemption from registration available in connection to those transactions, while he was associated with Tradespot Markets Inc. The unregistered transactions were allegedly made in violation of Section 5 of the Securities Act of 1933. Beloyan is also accused of failing to supervise Tradespot’s compliance with Section 5. Beloyan purportedly failed to investigate red flags indicative of violative activity and did not conduct due diligence to determine if the sales of shares of Supernova, facilitated by Tradespot, were registered. As a result, Beloyan is accused of violating FINRA Rules 2010 and 3110.
FINRA Public Disclosure shows that Beloyan has been suspended from associating with any FINRA member in any capacity for two months based upon allegations that Beloyan recommended unregistered securities. FINRA Enforcement (AWC) No. 2009017590801 (Aug. 4, 2011).
Mark Beloyan was associated with Tradespot Markets Inc. from March 10, 1992 to December 7, 2021.
