Ralph Jackson, Broker with Morgan Stanley, Named in Multiple Customer Disputes

Jackson has been accused on multiple occasions of recommending unsuitable investments. 

The Sonn Law Group is investigating allegations that Ralph Jackson made unsuitable investment recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Ralph Jackson III (CRD#: 1569213) is currently a registered broker with Morgan Stanley, where he has been employed since 2009. He was previously employed by UBS Financial services from 2002 until 2008. 

Jackson has seven disclosures on his BrokerCheck report. 

January 2020 Customer Dispute

• Status: Settled
• Allegations: “Trustee alleges, inter alia, investments are high yield corporate bonds were unsuitable 2014-2019”
• Damage Amount Requested: $325,000.00
• Settlement Amount: $165,000.00
  

November 2014 Customer Dispute

• Status: Settled
• Allegations: “Time Frame: February 4, 2002 to September 28, 2007 the client’s attorney alleges suitability misrepresentations and states the FA acted like he had discretion on the account. The alleged damages are estimated to be in excess of $5,000.00”
• Settlement Amount: $350,000.00

November 2013 Financial Judgment

• Status: Final
• Type: Compromise
• Disposition: Satisfied/Released

November 2013 Financial Judgment

• Status: Final
• Type: Compromise
• Disposition: Satisfied/Released

June 2013 Customer Dispute

• Status: Settled
• Allegations: Time Frame: January 2002 – August 2008 Plaintiff asserts causes of action for fraud, constructive fraud, negligent misrepresentation, breach of fiduciary duty, breach of the covenant of good faith and fair dealing, and violation of unfair competition laws, and alleges FA Jackson solicited plaintiff to invest in various private equity investments, which allegedly were not suitable for plaintiff, and allegedly invested additional plaintiff funds in private equity investments without authorization.”
• Damage Amount Requested: $7,400,000.00
• Settlement Amount: $6,000,000.00

August 2008 Customer Dispute

• Status: Closed-No Action
• Allegations: Claimant alleges unsuitability, misrepresentations and omissions, fraud, violations of blue sky laws, negligence and breach of fiduciary duty with respect to outside investments.
• Damage Amount Requested: $1,062,588.50

August 1999 Customer Dispute

• Status: Settled
• Allegations: Negligence in connection with the handling of a sale of restricted (SB) stock
• Damage Amount Requested: $112,400.00
• Settlement Amount: $65,000.00
• Broker Comment: “The client’s claim was settled for $65,000.00.”

Contact Us Today

The Sonn Law Group is currently investigating allegations that Ralph Jackson recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.