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 Rosca Scarlato LLC 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 $1.9 million, FINRA states.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Securities Lawyer Investigating
The Rosca Scarlato LLC 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 arosca@rscounsel.law, or through the contact form on this webpage.