James Edward Bashaw Currently Under Investigation by FINRA for Allegedly Borrowing Money from a Customer

James Bashaw is currently being investigated by FINRA for allegedly borrowing money from a customer, according to FINRA Reports under review by investor rights attorney Alan Rosca.

Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to James Bashaw allegedly borrowing money from customers. Investors who believe they may have lost money in activity related to James Bashaw allegedly borrowing money from customers are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

James Bashaw has been registered with International Assets Advisory, LLC in Houston, TX since October 29, 2014, FINRA notes.

James Bashaw Reportedly Recommended for Disciplinary Action by FINRA

James Bashaw, on October 9, 2018, was reportedly recommended for disciplinary action by FINRA, FINRA reports.

FINRA’s preliminary determination states that Mr. Bashaw allegedly engaged in the following activity:

• Borrowing money from a customer without notifying his member firm prior to borrowing the money and without obtaining written approval from his member firm prior to borrowing the money, in violation of FINRA Rules;
• Providing false answers to his member firm on annual questionnaires concerning the loans he accepted from a customer, in violation of FINRA Rules;
• Borrowed money from a customer without notifying his member firm prior to borrowing the money and without obtaining written approval from his member firm prior to borrowing the money, Provided false answers to his member firm on an annual questionnaire concerning the loans he accepted from a customer, in violation of FINRA Rules;
• Provided false and misleading information to FINRA in response to a request for information issued pursuant to FINRA Rules by falsely denying that he personally received money from clients and by failing to identify all loans made to him by a customer, in violation of FINRA Rules.

James Bashaw, in 2016, also reportedly settled a customer complaint, alleging among others unsuitability and borrowing money from customers, for $1.6 million, FINRA states.

Finally, it is important to not that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating James Bashaw allegedly borrowing money from customers. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of James Bashaw allegedly borrowing money from customers may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.