{"id":1529,"date":"2014-10-15T17:31:26","date_gmt":"2014-10-15T17:31:26","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/10\/lpl_financial_fires_texas_bran"},"modified":"2022-03-11T13:33:30","modified_gmt":"2022-03-11T19:33:30","slug":"lpl-financial-fires-texas-bran","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/lpl-financial-fires-texas-bran\/","title":{"rendered":"LPL Financial Fires Texas Branch Manager Over Selling Away Claims, Settles with Senior Investors in Massachusetts for $541,000 Over Faulty Variable Annuity Switches"},"content":{"rendered":"

\t\t\t\tAccording to his report on the central registration depository, LPL Financial (LPLA) branch manager James Bashaw was fired last month for allegedly engaging in selling away, which involves taking part in private securities transactions without written disclosure or approval from a brokerage firm, as well as borrowing from a client and taking part in a business transaction that created a possible conflict, again without obtaining the necessary firm approval or written disclosure.<\/p>\n

Bashaw, also known as “Jeb” Bashaw, is considered one of the leading financial advisers in Texas<\/a>. Barron’s <\/em>magazine ranks him as number one in the state with assets totaling $3.8 billion.<\/p>\n

According to Investment News, while the CRD, which is the central licensing and registration system for the securities industries and regulators, provided these details regarding Bashaw’s termination, LPL has not elaborated, except to report on his BrokerCheck profile that the broker did not follow industry regulations and firm policies. Bashaw is now registered with Wunderlich Securities Inc.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to his report on the central registration depository, LPL Financial (LPLA) branch manager James Bashaw was fired last month for allegedly engaging in selling away, which involves taking part in private securities transactions without written disclosure or approval from a brokerage firm, as well as borrowing from a client and taking part in a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3803,3750,3884],"tags":[],"class_list":["post-1529","post","type-post","status-publish","format-standard","hentry","category-senior-investors","category-texas-securities-fraud","category-variable-annuities"],"yoast_head":"\nLPL Financial Fires Texas Branch Manager Over Selling Away Claims, Settles with Senior Investors in Massachusetts for $541,000 Over Faulty Variable Annuity Switches — Investor Lawyers 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