Former Morgan Stanley Broker Jimmy Driggers Investment Loss Options

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Erez Law is currently investigating former Morgan Stanley broker Jimmy Driggers (CRD# 1359593) regarding alternate investment losses. Jimmy Driggers was registered with Morgan Stanley in Sarasota, Florida, from 2009 to 2021.

Jimmy Driggers Suitability Complaints

Jimmy Driggers has been the subject of four customer complaints between 2010 and 2022, one of which was denied, according to his CRD report. The most recent complaints were regarding:

April 2020. “Claimants, who are grantors and beneficiaries of the trust, alleged, inter alia, that FA, in concert with the Trustee, used funds from Liquidity Asset Lines set up without their knowledge to invest in an outside real estate investment owned by FA and his family- April 2008 to April 2022.” The customer is seeking $4 million in damages. The complaint was related to a non-broker dealer affiliate product.

August 2020. “Claimant alleges, inter alia, unsuitability with respect to alternate investments – Aug, 2016 – Jul, 2020.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding hedge funds and non-broker-dealer affiliate products.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Jimmy Driggers’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations, and institutions in claims against brokerage firms, banks, and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.