Jim Driggers Investigation
July 2022-Sarasota, FL
According to publicly available records Jimmy Yang Driggers a currently unregistered broker who was previously with Morgan Stanley , discloses a prior customer dispute and 2 pending customer disputes.
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 FINRA case #10-01031, a UBS Financial Services (previous employer) customer alleged that Driggers assured him that his investment in Lehman Brothers structured notes was safe and secure, and that his investment purchase was misrepresented and unsuitable, and that the risk of loss of principal was not properly disclosed to him. The case settled for $207,000.
In recently filed FINRA case #22-00795, a Morgan Stanley customer alleges that Driggers used funds from Liquidity Asset Lines set up without their knowledge to invest in an outside real estate investment owned by Driggers and his family. The alleged damages are $4,000,000 and the case is currently pending.
In FINRA case #20-02743, a Morgan Stanley customer alleges unsuitability with respect to alternate investments recommended by Driggers and is seeking damages of $200,000. The case is pending.
Jim Driggers was with Morgan Stanley from March 2008 until May 2021. Prior to that he was with UBS Financial Services.
If you have suffered losses in an account handled by Jimmy Yang Driggers, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
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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