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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Jaime Rios: Regulators Censure, Finr Money Concepts Advisor

    Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....

    Read More
  • Franz Koch: Unauthorized Trading Complaint Against Wells Fargo Advisor

    Boca Raton financial advisor Franz Koch (CRD# 4467954) allegedly made unauthorized transactions, according to a recent investor complaint. Financial Industry...

    Read More
  • Brian Shevland: FINRA Suspends Bluestone Capital Advisor

    Wayne, Pennsylvania financial advisor Brian Shevland (CRD# 4570496) was recently sanctioned and suspended in connection with alleged misrepresentations. Financial Industry...

    Read More
  • Jorge Menendez: $800K Complaint Against Citi Advisor

    Miami financial advisor Jorge Menendez (CRD# 5138358) recently received an investor complaint alleging that his conduct resulted in six-figure damages....

    Read More
  • Previous
  • Next