July 2021-Los Angeles, CA
According to publicly available records, Ralph A. Jackson, III (CRD#1569213), a broker currently employed with Morgan Stanley, discloses 4 prior customer disputes that were settled.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In April of 2020 a Morgan Stanley customer alleged that investments were high yield corporate bonds that were unsuitable from 2014-2019. The case settled for $165,000.
From 1999 until 2014, three customers of Jackson’s previous employer- UBS Financial Services, Inc, filed customer disputes alleging among other things, suitability, misrepresentation, that Jackson “acted like he had discretion on the account“, fraud, constructive fraud, negligent misrepresentation, breach of fiduciary duty, breach of the covenant of good faith and fair dealings, and violation of unfair competition laws. Also alleged that Jackson solicited the customer to invest in various private equity investments which were not suitable and he invested additional customer funds in private equity investments with authorization from January 2002 until August 2008. These cases settled for the cumulative amount of more than $6 million.
Jackson has been employed by Morgan Stanley since June of 2009. Before that he was with UBS Financial Services and Salomon Smith Barney.
If you have that suffered losses in an account handled by Ralph Jackson, III, you may be entitled to collect damages. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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