Close Menu
Free Consultation: 888-976-6111

Morgan Stanley Advisor David Jack: Structured Product Complaint

Paramus, New Jersey financial advisor David Jack (CRD# 2415526) is involved in an investor complaint alleging he recommended unsuitable investments. Records provided by the Financial Industry Regulatory Authority show that he is currently registered as a broker and an investment advisor with Morgan Stanley, having previously been registered with UBS Financial Services.

Mr. Jack’s BrokerCheck report discloses several investor complaints. The most recent, filed in October 2022, alleges that as a representative of Morgan Stanley, he unsuitably recommended the customer invest in structured products. The pending investor complaint alleges unspecified damages.

An earlier investor complaint, filed in 2002, alleged that as a representative of Prudential Securities, he exercised discretion and made excessive trades in two accounts, resulting in “large losses.” The complaint reached a settlement of $210,000.

A third investor complaint, filed in 2006, alleged he made an unauthorized bond purchase. The customer alleged unspecified damages and was denied by Morgan Stanley.

According to the Financial Industry Regulatory Authority, David Jack holds 29 years of securities industry experience. Based in Paramus, New Jersey, he has been a broker and an investment advisor with Morgan Stanley since February 2021. His past registrations include UBS Financial Services (Paramus, New Jersey; 2008-2021), Citgroup Global Markets (Florham Park, New Jersey; 2005-2008), Morgan Stanley (Short Hills, New Jersey; 2003-2005), Prudential Securities (Short Hills, New Jersey; 1999-2003), Painewebber (Weehawken, New Jersey; 1998-1999), and JB Hanauer & Company (Parsippany, New Jersey; 1993-1998). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 17 state licenses. (Information current as of December 11, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Blake Rose: $25K Complaint Against Pinnacle Strategies Advisor

    Santa Ana, California financial advisor Blake Rose (CRD# 1836176) is involved in an investor complaint alleging his advice resulted in...

    Read More
  • Lawrence Barrett: Oil & Gas Complaint Against Barrett Wealth Advisor

    A new investor complaint against Orange Village, Ohio financial advisor Lawrence Barrett (CRD# 13429) concerns an oil and gas investment....

    Read More
  • Arete Advisor Dennis Thurman: $100K-$500K GWG L Bond Complaint

    Chicago financial advisor Dennis Thurman (CRD# 2342398) allegedly recommended unsuitable GWG L bonds, according to a recent investor complaint. Financial...

    Read More
  • Did B. Riley’s Darren Daye Sell Unsuitable GWG, GPB Investments?

    Las Vegas financial advisor Darren Daye (CRD# 3032746) allegedly recommended unsuitable investments in GWG Holdings and GPB Waste Management, according...

    Read More
  • Previous
  • Next