1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

International Assets Advisory Financial Advisor, James Bashaw, Santioned By FINRA

James Bashaw is a Financial Advisor at International Assets Advisory, LLC in Houston, TX.  James Bashaw has been in the securities industry since 1984 and previously worked at Merrill Lynch, Kidder, Peabody, Thomas White & Co., First America Equities, Suntrust Equitable Securities, J.C. Bradford & Co., UBS, LPL Financial and Wunderlich Securities, Inc. 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on April 23, 2019, James Bashaw was suspended by FINRA from associating with any FINRA member firm in any capacity for four months and fined $5,000.  According to the FINRA sanction:

“Without admitting or denying the findings, Bashaw consented to the sanctions and to the entry of findings that he borrowed a total of approximately $200,000 from a customer without seeking or obtaining prior approval from his member firm.  The findings stated that in annual compliance questionnaires, Bashaw falsely told his firm that he had not borrowed any money from another individual, which the questionnaires identified as a prohibited activity.”  James Bashaw was discharged from LPL Financial for this activity. 

For a copy of the FINRA sanction, click https://brokercheck.finra.org/individual/summary/1251491.

In addition, James Bashaw has three customer disputes, a pending bankruptcy and a $1,900,000 civil judgement/lien reported on his CRD.  The customer disputes allege:

  • September 2016 – CLAIMANTS ALLEGE UNSUITABLE INVESTMENTS, BORROWING FROM CUSTOMERS, PRIVATE SECURITIES TRANSACTIONS, AND FAILURE TO SUPERVISE WITH RESPECT TO PROMISSORY NOTES PROVIDED BY MR. BASHAW AND MR. BASHAW RECOMMENDING INVESTMENT IN TEXAS AIR SHUTTLE, LLC.”  That matter settled for $1,900,000.
  • April 2012 – “UITS PURCHASED IN 2011 WERE UNSUITABLE.”  That matter settled for $10,000.
  • June 1988 – “BREACH OF FIDUCIARY DUTYM CHIRNING OBJECTIVES NOT FOLLOWED.  CLAIM $620,000 ACTUAL DAMAGES AND $1,000,000 PUNITIVE DAMAGES.”  The matter settled for $200,000.

For a copy of James Bashaw’s CRD, click https://brokercheck.finra.org/individual/summary/1251491.

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.  

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis