SOURCE: John Thomas Financial

John Thomas Financial

May 29, 2012 11:06 ET

John Thomas Financial CEO Thomas Belesis Appears on CNBC's "Closing Bell" to Discuss Facebook IPO

NEW YORK, NY--(Marketwire - May 29, 2012) - John Thomas Financial CEO Thomas Belesis appeared as a contributing guest on a special edition of CNBC's "Closing Bell" on May 17 to discuss Facebook, the largest Internet IPO in history. The stock, which is listed on the NASDAQ under the symbol FB, has been the hot topic in the financial news media since it went public at $38 per share on May 18.

Thomas Belesis appeared alongside finance and tech experts including Josh Brown of Fusion Analytics and former HP CEO Carly Fiorina. Currently fluctuating below its opening price, analysts and talking heads continue to eagerly discuss the future of the company that defined social media as we know it today.

Belesis demonstrated optimism about Facebook, citing the $13 billion IPO as having potential to be very important for the company's growth. "We cannot forget that this company is going to create commerce," said Belesis during a debate about Facebook's ability to generate revenue.

A full-service independent broker/dealer and investment-banking firm located in New York City's Financial District, John Thomas Financial made news ahead of the IPO when the company announced that they raised $33 million for private shares of Facebook in the secondary market through Global Innovation Fund SPV1 LTD, a fund managed by Galt Capital. Combined with other funds including JTF Private Wealth Management's JTF Multi-Opportunity Fund, the firm has raised a total of $47 million in private shares of Facebook.

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About John Thomas Financial
John Thomas Financial, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, private wealth management, and corporate advisory services tailored to the unique needs of its clients. The firm publishes the Fiscal Liquidity Index a unique daily indicator that looks at government spending and its impact on the financial markets, as well as The John Thomas Financial Economic Outlook, a report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences. For more information on the firm, please visit:

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