The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Edward Ashbaugh. According to his publicly available FINRA BrokerCheck report, Edward Ashbaugh has been the subject of multiple customer disputes.

Edward Ashbaugh is a Houston based securities broker. He has worked in the securities industry for twenty-six years. During his career, he has been registered with two different securities firms.

His Registrations

  • Morgan Stanley (1992-2008)
  • UBS Financial Services (2008-Present)

The Allegations

  • In March 2008, a customer alleged that Edward Ashbaugh misrepresented Auction Rate Securities as cash equivalent. This case was settled for $3.4 million in damages.
  • In February 2017, a customer’s power of attorney alleged that the investment selections made by Edward Ashbaugh did not match the customer’s conservative risk portfolio. There was an alleged lack of diversification. This case was settled for $86,424 in damages.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Edward Ashbaugh, please contact Oakes & Fosher for a free and private consultation.