Houston-Based Ajamie LLP Investigating Customer Losses After LPL Financial Firing of James "Jeb" Bashaw: Ajamie LLP and Aidikoff, Uhl & Bakhtiari Continue to Investigate and Discuss With Investors Potential Claims for Recovery

HOUSTON, Jan. 20, 2015 (GLOBE NEWSWIRE) -- LPL Financial Holdings, Inc. branch manager James "Jeb" Bashaw was fired on September 24, 2014 for among other things allegedly engaging in private securities transactions, borrowing money from a client and engaging in activities that created conflicts of interest according to Mr. Bashaw's report on FINRA's CRD (Central Registration Depository).

Such investments may include Texas Air Shuttle, Navitas Fund LP and Westwind Jet.

"Private securities transactions are usually driven by high fees collected by brokers," said Houston attorney Tom Ajamie. "It appears that Mr. Bashaw may have engaged in risky private securities transactions that were known to LPL."

"Mr. Bashaw's prior private transactions raise serious concerns about the level of supervision LPL chose to exercise," added Ryan Bakhtiari.

Mr. Bashaw once managed over $3 billion in total assets and is now employed by Wunderlich Securities, Inc. in Houston, Texas.

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Ajamie LLP is a Houston-based law firm with a blue-chip practice in complex business litigation and arbitration matters. The firm has achieved landmark results for companies, pension funds and individuals seeking to recover losses in stock fraud cases, and has earned a reputation for its groundbreaking work in securities and financial cases.

Aidikoff, Uhl & Bakhtiari represents retail and institutional investors around the world in securities arbitration and litigation matters. Attorneys for the firm have appeared before the Financial Industry Regulatory Authority (FINRA) and in numerous state and federal courts to resolve financial disputes between customers, banks, brokerage firms and other financial institutions.

CONTACT: Thomas R. Ajamie, Jason A. Braun, Ajamie LLP (713) 860-1600 Ryan K. Bakhtiari, Aidikoff, Uhl & Bakhtiari (800) 382-7969 Toll Free or (310) 274-0666

Source:Ajamie LLP