Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 13, 2019 indicate that Texas-based International Assets Advisory broker/adviser Jeb Bashaw was recently sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bashaw (CRD# 1251491).
Jeb Bashaw has spent 33 years in the securities industry and has been registered with International Assets Advisory in Houston, Texas since 2014. Previous registrations include Wunderlich Securities in Houston, Texas (2014); LPL Financial in Houston, Texas (2001-2014); UBS Painewebber in Weehawken, New Jersey (2000-2001); JC Bradford & Company in New York, New York (1998-2000); SunTrust Equitable Securities in Atlanta, Georgia (1994-1998); Augusta Securities Corporation in Houston, Texas (1991-1994); First America Equities Corporation (1990-1991); Thomas F. White & Company in San Francisco, California (1991); Kidder Peabody & Company (1986-1988); and Merrill Lynch (1984-1986). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 12, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 26, 1984; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on February 7, 2001; Series 7 (General Securities Representative Examination), which he obtained on June 16, 1984; Series 53 (Municipal Securities Principal Examination), which he obtained on March 13, 2006; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on May 30, 1997. He is a registered broker and investment adviser with four US states: Georgia, Maryland, Pennsylvania, and Texas.
According to his BrokerCheck report, he has received three customer complaints and one regulatory sanction.
In April 2019 FINRA sanctioned him in connection to allegations he borrowed about $200,000 from a client without seeking or receiving his firm’s approval, and falsely represented to the firm on a compliance questionnaire that he had not borrowed funds from another person. He was issued a four-month suspension and a fine of $5,000.
In 2016 a customer alleged Jeb Bashaw, while employed at LPL Financial, recommended unsuitable investments, borrowed funds from customers, failed in his supervisory duties, and engaged in private securities transactions. The complaint settled for $1.9 million.
In 2012 a customer alleged Jeb Bashaw, while employed at LPL Financial, recommended unsuitable unit investment trusts. The complaint settled for $10,000.
In 2014 he was terminated from his position at LPL Financial in connection to allegations he participated in undisclosed and unapproved private securities transactions, borrowed funds from a client, and participate in an undisclosed and unapproved business transaction that created a possible conflict of interest.
In 1988 a customer alleged Jeb Bashaw, while employed at Kidder Peabody, breached his fiduciary duty, churned the account, and made unsuitable investment recommendations. The complaint settled for $200,000.
If you or someone you know has a complaint regarding Jeb Bashaw, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.