James “Jeb” Bashaw Reportedly Not Heading to Wunderlich Securities
James “Jeb” Bashaw, who was given his walking papers from LPL Financial last month, will reportedly not be heading to Wunderlich Securities Inc.
Beshaw, the former head of LPL-affiliate James E Bashaw & Co., was terminated for allegedly failing “to follow firm policies and industry regulations,” according to BrokerCheck, the FINRA database on brokers and financial advisers.
Wunderlich Wedding Lasted Less than Two Weeks
Within days of getting the sack, however, according to BrokerCheck, Bashaw landed on his feet with Wunderlich on September 29, but that the relationship was almost immediately dissolved on Oct 9. According to reports, a Wunderlich spokeswoman previously said that his transfer had never been complete, and was still “pending regulatory and other approvals.”
In spite of the Wunderlich’s insistence that Beshaw is not with the firm, the website for James E. Bashaw & Co. of Houston still reportedly redirects traffic to Wunderlich, and at least three other brokers from his firm, including Mr. Bashaw’s daughter, Mason Bashaw, have allegedly already joined Wunderlich and are staying there.
Bashaw Still Reportedly Contests LPL’s Dismissal
Mr. Bashaw was terminated by LPL in September after the firm alleged that he had participated in private securities transactions without providing written disclosure from LPL or obtaining written approval from the firm, and that he also had borrowed from a client, according to FINRA records.
Bashaw contends that the allegations are false, and that he had more than a dozen perfect audits, according to a statement on BrokerCheck.
Investment Fraud Attorneys Investigating
The Peiffer Rosca Wolf investment fraud attorneys often represent investors who lose money as a result of investment fraud, or stockbroker misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: James “Jeb” Bashaw
Status: INVESTIGATED by Peiffer Rosca.
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