Edward Ashbaugh Allegedly Represented Auction Rate Securities Investments as Cash Equivalent

Edward Ashbaugh

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 1, 2018 indicate that Texas-based UBS Financial Services broker/adviser Edward Ashbaugh has received several customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ashbaugh (CRD# 2213744).

Edward Ashbaugh has spent 26 years in the securities industry and has been registered with UBS Financial Services in Houston, Texas since 2008. Previous registrations include Morgan Stanley & Company in Houston, Texas (2007-2008) and Morgan Stanley DW in Houston, Texas (1992-2007). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 26, 1992, and Series 7 (General Securities Representative Examination), which he obtained on March 20, 1992. He is a registered broker and investment adviser with with eight US states: Florida, Georgia, Montana, North Carolina, Oregon, South Carolina, Tennessee, and Texas. He is registered with nine self-regulatory organizations (SROs): BOX Options Exchange, CBOE Exchange, FINRA, NSYE American, NYSE Arca, Nasdaq ISE, Nasdaq PHLX, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received two customer complaints.

In February 2017 a customer’s power of attorney alleged Edward Ashbaugh, while employed at UBS Financial Services, recommended unsuitable investments and failed to diversify the account. The complaint settled in April 2017 for more than $86,400.

In 2008 a customer alleged Edward Ashbaugh, while employed at UBS Financial Services, sold and represented auction rate securities investments as cash or cash equivalent. The complaint settled with the firm’s repurchase of the securities at par value, for $3,400,000.

If you have complaints regarding Edward Ashbaugh, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover your losses. All cases are taken on a contingency basis: we only get paid if and when you collect money. The law sets a limited window to file complaints, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.