Retired may not be the right word. "If" JB messed up and violated the rules, he would, most likely, not be permitted to keep what could be considered "ill gotten gain". That is what has happened in other companies where someone was in violation of the rules. Again, I don't have any facts to support any violation.
BAM, to some, may be sketchy. BAM investments were made in good faith. I expect the SEC would let their investments stand. It was described in detail to prospective BAM investors and they did nothing wrong. My expectation is that if there was wrongdoing on JB's part, his shares could be cancelled as if they were never issued. If that is what you mean by "retired" then I agree.
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