Overview
On February 10, 2026, a public FINRA Arbitration Panel awarded two entrepreneurs $400,000 after they sued Morgan Stanley over a miscommunication they had with their financial advisor James Monken. According to the filings, the entrepreneurs sold their business and requested that James Monken keep the proceeds from the sale in cash or cash equivalents until the entrepreneurs could determine their tax obligations from the sale. But Monken did not follow the entrepreneurs’ directions. The filings asserted causes of action for negligence, violations of state securities laws and statutes, and investment fraud, to name a few.
Impacted Investors
Similar to entrepreneurs, retirees, trusts, estates, inheritors, widowed persons, divorced persons, athletes, and entertainers often face mismanagement of money following financial windfalls. If you believe that your financial advisor has mismanaged a large amount of capital you instructed them to use a certain way, do not hesitate to contact our office at 800-556-3526 or complete our contact form for a free consultation. We work on a contingency fee basis to try to recover losses. In other words, if we do not obtain a recovery, you do not owe us any legal fees. Act before time runs out on your claim.