National investment fraud lawyers KlaymanToskes is investigating James a/k/a Jimmy Monken (CRD# 5765921) following the filing of an investor complaint for $1,026,897 against the Morgan Stanley broker and investment adviser, alleging that the investor’s accounts were not managed in accordance with the SEC’s regulation best interest.
According to FINRA BrokerCheck, James a/k/a Jimmy Eric Monken has one pending investor complaint filed against him. The investor alleges that their Morgan Stanley accounts were not managed in their best interest. The complaint was received by FINRA on January 25th, 2023 and alleges investor damages of $1,026,897.
Monken has been registered with Morgan Stanley since 2012 in Clayton, MO and was previously registered with Morgan Keegan & Co. in Town and Country, Missouri. Monken holds 12 years of securities industry experience and 19 state licenses.
Investors that suffered losses with Jimmy Monken at Morgan Stanley should contact attorney Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com for a free consultation to discuss their recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA’s (Financial Industry Regulatory Authority) SEC Regulation Best Interest, a/k/a the SEC’s “Reg BI”, under the securities exchange act of 1934, establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers. FINRA-regulated brokers, financial advisers, and brokerage firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Under the Reg BI rule, the SEC also requires brokers and investment advisors to provide a “brief relationship summary” known as Form CRS, to their customers. This document must be provided to the customer before or at the time they enter into an investment advisory contract with the broker and/or adviser and is used to provide information about investment-related services and fees.
When brokers and brokerage firms fail to act in the best interest of their clients, they are violating securities laws. Investors that suffer investment losses as a result of this violation may hold their broker and brokerage firm responsible through FINRA arbitration.
If you believe your financial advisor did not act in your best interest when managing your brokerage account, contact KlaymanToskes for a free, confidential consultation at 888-997-9956 or through our website, www.klaymantoskes.com. Every case is taken on a contingency basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.
888-997-9956