Jim Driggers Investigation
Last Updated: March 2026 — Sarasota, FL
Here’s what you need to know about Sarasota, FL stockbroker Jimmy Yang Driggers:
- Name: Jimmy “Jim” Yang Driggers
- CRD Number: 1359593
- Current Employer: Not currently registered with any FINRA-member firm
- Prior Firms:
- Morgan Stanley (2009–2021) – Sarasota, FL
- Morgan Stanley & Co. Incorporated (2008–2009) – Sarasota, FL
- UBS Financial Services Inc. (1996–2008) – Sarasota, FL
- Prudential Securities Incorporated (1995–1996)
- Everen Securities, Inc. (1993–1995)
- Stockbroker / Financial Advisor: Yes (formerly registered General Securities Representative and Principal)
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $207,000
- Current Customer Disputes Seek Total Damages of: Damages not yet specified in two pending FINRA arbitrations
If you’ve sustained damages from Mr. Driggers, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jimmy Y. Driggers As Your Stockbroker?
Jimmy Y. Driggers has been the subject of six customer disputes, including settlements involving structured products, hedge funds, private equity strategies, and alternative investments. Two matters remain pending.
Lehman Structured Notes Settlement (2011)
A customer alleged that Lehman Brothers structured notes were misrepresented as safe and secure investments and that the risk of principal loss was not properly disclosed.
- Settlement Amount: $207,000
Hedge Fund / Alternative Investment Dispute (2025)
Claimants alleged that investments sold between 2016 and 2020 were unsuitable, including hedge funds and non-broker-dealer affiliate products.
- Settlement Amount: $20,000
Liquidity Asset Line / Outside Investment Allegations (2022–2025)
Trust beneficiaries alleged that liquidity asset lines were used without their knowledge to invest in an outside real estate investment owned by the advisor and his family (activity alleged 2008–2022).
- Alleged Damages: $4,000,000
- Firm Dismissed With Prejudice
- Remaining claims reportedly settled with the advisor for an undisclosed amount.
Pending FINRA Arbitrations
Private Equity / LAL Strategy (Filed January 2026)
Claimant alleges unsuitability involving a private equity strategy and liquidity asset line between 2015 and 2019.
- FINRA Case No.: 26-00166
- Alleged Damage amount not yet specified
- Status: Pending
Regulation Best Interest / Alternative Investments (Filed October 2024)
Claimants allege violations of Regulation Best Interest and misrepresentation related to alternative investment strategies from 2012 to 2021.
- FINRA Case No.: 24-02352
- Alleged Damages: Unspecified
- Status: Pending
Allegations of Broker Misconduct Against Jimmy Yang Driggers
- Unsuitability — Recommending structured products, hedge funds, private equity, or alternative investments inconsistent with a client’s objectives may violate FINRA Rule 2111 and, for retail clients after June 30, 2020, SEC Regulation Best Interest (Rule 15l-1).
- Misrepresentation / Failure to Disclose Risks — Allegations that structured notes and alternative strategies were described as safe without full disclosure of principal risk may implicate FINRA Rules 2010 and 2020.
- Regulation Best Interest Violations — Pending claims specifically allege violations of Reg BI’s Care and Disclosure obligations.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by Jimmy Yang Driggers, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued for our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.
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