Investors have reportedly disputed the sales practices of securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Tighe worked for Morgan Stanley from June 1, 2009, to January 14, 2025. Keep reading for details about Tighe’s disclosures.
Morgan Stanley Disaffiliated With Tighe For Alleged Unauthorized Transaction
Particularly, on December 16, 2024, Morgan Stanley Smith Barney disaffiliated with Tighe. The firm claimed that Tighe took directions from a third party without first obtaining the required written authorization, did not properly inform management about possible unauthorized actions by that third party, and conducted firm-related business using a personal device, among other alleged issues.
James Tighe Disclosed Unauthorized Withdrawal Allegations By Morgan Stanley Client
Additionally, a client of Morgan Stanley contested James Tighe’s sales practices, according to a complaint. Allegedly, Tighe processed transactions including disbursements and withdrawals without proper authorization. It appears that Tighe caused the client to sustain damages. Consequently, Morgan Stanley opted to settle the matter on May 29, 2025, by compensating the client in the amount of $1,375,000.
Merrill Lynch Investor Accused Tighe Of Misrepresentation
Notably, on January 12, 2009, a Merrill Lynch, Pierce, Fenner, & Smith Incorporated client filed a complaint about James Tighe. Mainly, the client alleged that Tighe made misrepresentations regarding variable annuities. For this reason, the client allegedly sustained damages of $5,000 and requested that amount in compensation from Merrill Lynch or Tighe.
Did You Invest With Financial Advisor / Securities Broker James Tighe?
Do you have concerns or questions regarding investments you made with James Tighe? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Tighe and brokerage firms Tighe worked for deny allegations of sales practice violations.
