Investors apparently complained about securities broker James David Garrity [CRD: 2005714, Salt Lake City, Utah], according to public information on FINRA BrokerCheck. Evidently, Garrity has been registered with Morgan Stanley since December 7, 2015, and is based in Salt Lake City, Utah, and La Jolla, California. Continue reading to learn more about Garrity’s reported disclosures and the details of the allegations.
Notably, on August 28, 2025, a Morgan Stanley Smith Barney client filed FINRA Arbitration No. 25-01798 about James Garrity. The client alleged that Garrity made misrepresentations of material fact related to a covered call option strategy between 2023 and 2025. Because of this, the client allegedly sustained damages. As a result, the client requested compensation from Morgan Stanley Smith Barney or Garrity. It appears that this arbitration is pending a resolution.
Specifically, a client of Goldman, Sachs Co. contested James Garrity’s sales practices, according to a complaint. Allegedly, Garrity made misrepresentations of material fact concerning the risks of writing covered calls against a long stock position. It appears that Garrity caused the client to sustain damages. Therefore, Goldman, Sachs Co. opted to settle the matter on October 8, 1999, by compensating the client in the amount of $352,000.
Do you need clarification on any investment losses relating to James Garrity? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Garrity and brokerage firms Garrity worked for deny accusations of sales practice violations.
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