Are you concerned about your financial investments with Jimmy Driggers of Morgan Stanley in Sarasota, FL? You’re not alone. Haselkorn & Thibaut, a nationally recognized securities fraud law firm with a 98% success rate and over 50 years of combined experience, has recently launched an investigation into Jimmy Driggers (CRD# 1359593), a former financial advisor with Morgan Stanley. If you invested with Mr. Driggers and have concerns about your portfolio or past recommendations, this report is designed just for you. Read on to learn about his professional background, detailed complaint history, and what you can do next to protect your interests.
Who Is Jimmy Driggers?
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Jimmy Yang Driggers, often known as Jim Driggers, was a registered broker and investment advisor with a career that spanned 31 years in the securities industry. His last known position was with Morgan Stanley (Sarasota, FL), one of the largest broker-dealer firms in the country, serving there from 2009 to 2021. Over his career, Mr. Driggers was affiliated with nine different firms, including UBS Financial Services and Prudential Securities, before ending his registration in May 2021.
While many advisors serve clients well, it’s important to be aware of a professional’s disclosure history to ensure your finances are in safe hands.
Why the Investigation?
Haselkorn & Thibaut has opened an investigation into Jimmy Driggers due to a significant pattern of investor complaints and client disputes that raise serious questions about past investment recommendations and handling of client accounts. If you are a former client of Mr. Driggers, learning the facts below can help you make more informed decisions about your next steps.
Comprehensive List of Complaints Against Jimmy Driggers
Mr. Driggers’ public record includes five customer disputes from 2010 to 2024, totaling nearly $4.7 million in damages requested. The table below summarizes each complaint, their outcomes, and key allegations:
| Date | Status | Allegations | Damages Requested | Settlement/Payout | Key Issues |
|---|---|---|---|---|---|
| 11/01/2024 | Pending | Violation of Reg BI, misrepresentation of alternative investment strategy (2012-2021) | Not disclosed | Pending | Regulation Best Interest, Private Securities |
| 04/12/2022 | Settled | Grantors/trustees allege funds from Liquidity Asset Lines set up and used without knowledge for outside real estate investment owned by Driggers and family (2008-2022) | $4,000,000 | Not disclosed | Unauthorized use of funds, conflicts of interest |
| 09/24/2020 | Settled | Claims of unsuitable investments (2010-2020) | $200,000 | $20,000 | Investment suitability |
| 11/22/2016 | Denied | Client alleged unsuitable corporate bond purchases (2014-2016) | $64,000 | Denied | Bond suitability |
| 09/20/2010 | Settled | Misrepresentation/unsuitability of Lehman Brothers structured notes (2008-2009) | $390,633 | $207,000 | Structured notes, risk disclosure |
Key Red Flags: What Investors Should Know
- Repeat Suitability Issues: Multiple clients alleged unsuitable investment recommendations, affecting their savings and retirement.
- Misrepresentation Allegations: Several claims centered around misstatements about potential risks and returns—especially regarding private securities and structured investments.
- Unauthorized Activity: In one substantial complaint, clients contended their funds were used for personal real estate investments by the advisor’s family, without knowledge or consent—a claim involving $4 million in damages requested.
- Ongoing Investigation: The most recent dispute (filed November 2024) is still pending and involves allegations under Regulation Best Interest (Reg BI).
- Pattern Over Time: These disputes spanned across differing years and market conditions, suggesting systemic concerns versus isolated incidents.
What Does It Mean If You Worked with Jimmy Driggers?
If you worked with Jimmy Driggers at Morgan Stanley in Sarasota, FL—or at any of his prior firms—you have a right to clear, honest, and well-suited investment advice. A record reflecting multiple client disputes, especially those involving allegations of unsuitable investments and unauthorized use of funds, indicates a need for careful review of your own accounts and investment activity.
In many of these past cases, settlements were paid out to harmed investors, which may mean that affected clients had valid concerns and potential losses. However, monetary resolutions do not always fully compensate for losses or rectify the underlying issues. That’s why it’s crucial to have experienced legal counsel review your unique situation.
Employment Background & Context
Mr. Driggers’ career included posts at nine firms, most notably:
- Morgan Stanley (Sarasota, FL): 2009–2021
- Morgan Stanley & Co. Incorporated: 2008–2009
- UBS Financial Services Inc.: 1996–2008
- Prudential Securities: 1995–1996
He is currently not registered with any broker-dealer or investment advisor, according to FINRA BrokerCheck. All five public complaints are customer disputes—there are no known criminal, regulatory, or civil court actions as of this report.
Worried About Your Investments? Free Case Review Available
It’s never too early—or too late—to seek answers. If you have questions about your statements, investment losses, or the nature of recommendations made by Jimmy Driggers at Morgan Stanley in Sarasota, Florida, you do not have to navigate this alone.
- No recovery, no fee: Haselkorn & Thibaut only gets paid if they recover funds for you.
- Free, confidential consultation: Understand your rights and options.
- Nationwide experience: With a 98% success rate, millions recovered, and over 50 years of combined experience, Haselkorn & Thibaut can help you get clarity.
Take action today if you are a former client or suspect you were affected.
Call Haselkorn & Thibaut at 1-888-885-7162 for a Free, No-Obligation Consultation
If you need more information about your advisor’s record or wish to pursue a claim, contact Haselkorn & Thibaut—experienced investment fraud lawyers—today. Don’t wait, as recovery options may be limited over time.
