A former Morgan Stanley rep has failed to provide testimony and documents to the Financial Industry Regulatory Authority related to allegations that he improperly accepted instructions from an unauthorized third party to transfer funds from a client account, and used unapproved personal devices for business-related communications, according to a disciplinary proceeding filed Monday.
In the complaint, FINRA states that it was unable to fully investigate the claims against James Fredrick Tighe because he failed to provide documents and information that FINRA requested under FINRA Rule 8210, and failed on two occasions to appear for and provide testimony that FINRA requested.
Morgan Stanley fired Tighe on Jan. 14, 2025, over the allegations. FINRA opened an investigation into the circumstances giving rise to Morgan Stanley's termination of Tighe's employment with the firm.
On June 5, 2025, Morgan Stanley filed an amended Form U5 on Tighe's behalf, disclosing that, in May 2025, the firm settled a customer complaint alleging that Tighe had, among other things, "processed withdrawals and other disbursements made by [the customer's] agent without proper authorization," the FINRA complaint states.
Tighe's BrokerCheck profile shows that on March 18, 2024, Tighe settled a client dispute for nearly $1.4 million that alleged, among other things, he "processed withdrawals and other disbursements made by their agent without proper authorization."
Although properly served, "Tighe failed to provide documents and information in response to FINRA's First Rule 8210 Document and Information Request and Second Rule 8210 Document and Information Request," the complaint states.
In its complaint, FINRA states that it's seeking sanctions, including monetary sanctions, be imposed against Tighe.
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