Have you suffered losses with James “Jimmy” Monken at Morgan Stanley? Peiffer Wolf is currently investigating claims against Morgan Stanley for allegedly failing to supervise its broker, Jimmy Monken, who allegedly violated federal securities laws.
If you’ve invested with Jimmy Monken through Morgan Stanley, Contact Us today by filling out a Contact Form or by calling 585-310-5140 to schedule a FREE Consultation.
Jimmy Monken | Morgan Stanley
According to FINRA’s Brokercheck, Jimmy Monken is a registered representative of Morgan Stanley who has faced two customer disputes since July 2023.
As a FINRA-registered representative and investment adviser, Monken owed clients both a best interest obligation under Regulation Best Interest and, in his advisory capacity, fiduciary obligations under the Investment Advisors Act. Both standards generally require financial professionals to conduct reasonable due diligence before recommending investment or tax-related strategies and to disclose all material risks.
These customer disputes specifically concern:
- 9/21/2023: “Claim alleges, inter alia, that the trading strategy implemented in the client’s account was not in her best interest 2020-2022” Settlement Amount: $225,000.00
- 7/24/2023: “Claimants allege, inter alia, misrepresentation with respect to investments in managed account 2021-2022.” Settlement Amount: $400,000.00
Do I Have a Claim?
Financial advisers who recommend investments or tax-related strategies may owe clients duties under federal and state securities laws, including obligations to act in a client’s best interest, conduct reasonable due diligence, and disclose material risks.
If Jimmy Monken recommended products to you that ultimately resulted in an investment loss, you may be entitled to recover your losses. Claims involving FINRA-registered representatives are typically pursued through FINRA arbitration.
Any claim is subject to applicable statutes of limitation and other filing deadlines. Given the potential legal deadlines, it is imperative to seek legal advice promptly.
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Peiffer Wolf has represented thousands of victims of investment fraud and broker misconduct, and we remain committed to fighting on behalf of investors.
Contact Us today by filling out a Contact Form or by calling 585-310-5140 for a FREE Case Evaluation.
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