Jimmy Driggers: $4 Million Complaint Against Ex-Morgan Stanley Advisor

Sarasota financial advisor Jimmy Driggers (CRD# 1359593) has received an investor complaint alleging seven-figure damages. Financial Industry Regulatory Authority records show that he is not currently registered as a broker or an investment adviser, but was most recently registered with Morgan Stanley. 

Mr. Driggers’ BrokerCheck report discloses two recent investor complaints. the most recent, filed in April 2022, alleges that while at Morgan Stanley, he used funds from Liquidity Asset Lines to invest in an outside real estate investment owned by him and his family without the claimants’ knowledge. The pending complaint alleges damages of $4 million.

An earlier complaint, filed in 2020, alleges that while a representative of Morgan Stanley, Mr. Driggers recommended unsuitable alternative investments. The pending complaint alleges damages of $200,000.

FINRA records also disclose an investor complaint, filed in 2016, that alleged Mr. Driggers recommended unsuitable corporate bond purchases while affiliated with Morgan Stanley. The complaint alleged damages of $64,000 and was denied by the firm. 

According to the Financial Industry Regulatory Authority, Jimmy Driggers holds 31 years of securities industry experience. He is not presently registered as a broker or investment advisor, though records show he was last based in Sarasota, Florida. His past registrations include Morgan Stanley, Morgan Stanley & Company, UBS Financial Services, Prudential Securities, Everen Securities, Cozad Investment Services, Escalator Securities, Investacorp, and J.W. Gant & Associates. His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. (Information current as of July 10, 2022.)

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