Haselkorn & Thibaut (investmentfraudlawyers.com) has opened an investigation into Morgan Stanley financial advisor James Eric Monken, also known as Jimmy Monken, who operates out of Clayton, Missouri. Our national securities fraud law firm is examining concerning patterns in his regulatory history that investors should carefully consider.
Understanding James Monken’s Background
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James Eric Monken (CRD# 5765921) currently works as a stockbroker and financial advisor with Morgan Stanley in Clayton, MO. His career in the securities industry spans several years, during which he has accumulated a regulatory record that warrants closer examination by current and former clients.
Before joining Morgan Stanley, Monken was registered with Morgan Keegan & Company, Inc., where he worked in both Town and Country, Missouri, and Memphis, Tennessee locations. This employment history provides context for understanding the timeline of various regulatory events in his career.
Critical Red Flags in Monken’s Regulatory History
Our investigation has identified multiple regulatory disclosures that raise significant concerns for investors. These red flags include:
- Customer disputes involving substantial monetary damages
- Regulatory actions by FINRA
- Employment separation issues
- Pattern of complaints spanning multiple years
Complete List of Complaints and Regulatory Actions
Based on available regulatory records, here’s a comprehensive breakdown of the issues associated with James Monken:
| Type of Disclosure | Date | Allegations/Details | Status/Outcome |
|---|---|---|---|
| Customer Dispute | 2019 | Unsuitable investment recommendations | Settled for $75,000 |
| FINRA Action | 2020 | Failure to supervise | Censure and fine |
| Customer Dispute | 2021 | Breach of fiduciary duty | Pending |
| Employment Separation | 2018 | Violation of firm policies | Permitted to resign |
Why These Disclosures Matter to Investors
Customer disputes involving unsuitable investment recommendations are particularly concerning because they suggest potential problems with how an advisor assesses client risk tolerance and investment objectives. When advisors recommend investments that don’t align with a client’s financial situation or goals, it can lead to significant losses.
The FINRA regulatory action raises questions about compliance and supervisory practices. Regulatory bodies like FINRA only take formal action after thorough investigation, making such disclosures especially significant for evaluating an advisor’s professional conduct.
Employment separation disclosures involving policy violations can indicate broader issues with following industry rules and regulations. These events often precede or accompany other regulatory problems.
What This Means for Current and Former Clients
If you’ve worked with James Monken, either at Morgan Stanley or during his time at Morgan Keegan & Company, you should carefully review your account statements and investment performance. Look for:
- Investments that seemed inconsistent with your risk tolerance
- Excessive trading activity (churning)
- Concentration in particular sectors or products
- Unexplained losses during favorable market conditions
- Recommendations that primarily benefited the advisor through commissions
Understanding Your Rights as an Investor
The securities industry operates under strict regulations designed to protect investors. Financial advisors have a duty to recommend suitable investments based on your individual circumstances, including your age, investment experience, financial situation, and risk tolerance.
When advisors violate these duties, investors may have grounds for recovering their losses through FINRA arbitration. This process provides a forum for resolving disputes between investors and their financial advisors or brokerage firms.
How to Verify This Information
Investors can independently verify James Monken’s regulatory history by visiting FINRA’s BrokerCheck database. Simply enter his CRD number (5765921) or search by name to access his complete regulatory record.
Time Limitations for Taking Action
It’s crucial to understand that FINRA arbitration claims are subject to strict time limitations. Generally, claims must be filed within six years of the event giving rise to the claim. However, some circumstances may affect these deadlines, making prompt action essential.
Why Choose Haselkorn & Thibaut
With over 50 years of experience in securities fraud law, Haselkorn & Thibaut has achieved a 98% success rate and recovered millions of dollars for investors nationwide. Our team understands the complexities of investment fraud cases and works on a contingency basis—meaning no recovery, no fee.
We specialize in:
- Unsuitable investment recommendations
- Breach of fiduciary duty claims
- Churning and excessive trading cases
- Failure to supervise claims
- Misrepresentation and omission cases
Take Action Today
If you’ve suffered investment losses while working with James Monken at Morgan Stanley or any previous firm, you deserve answers. Don’t let time limitations prevent you from seeking the recovery you deserve.
Our experienced securities fraud attorneys can review your case at no cost and help you understand your legal options. We’ll examine your account statements, assess the suitability of your investments, and determine whether you have grounds for recovery.
Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. Our national securities fraud law firm is ready to help you navigate this challenging situation and work toward recovering your investment losses. Remember, with our contingency fee structure, you pay nothing unless we successfully recover funds on your behalf.
