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Expert Review

Jack Wong: Exposed with the Allegations of SEC (Update 2024)

Who is Jack Wong (CRD#: 4210410)?

Jack Wong has over 26 years of expertise in the financial services business and joined Morgan Stanley in 2011 to build a new Global Wealth Management office in Mountain View, CA. Prior to joining the firm, Jack was a Senior Vice President and Senior Financial Advisor at Wells Fargo Advisors since 1994. Jack manages all elements of Morgan Stanley’s Mountain View Group, with a primary focus on devising investment strategies and implementing comprehensive intergenerational wealth planning for high-net-worth individuals and families, business owners, and corporate leaders.

Jack completed a Master of Business Administration from the University of Southern California’s Marshall School of Business and a Bachelor of Science in Economics from California State University, Monterey Bay.

This article will go further into Jack Wong’s past, uncovering hidden disclosures and SEC litigations and analyzing the implications for law.

About Morgan Stanley Wealth Management:

Morgan Stanley Wealth Management, an American multinational financial services corporation, specializes in retail brokerage and asset management. As a division of Morgan Stanley, it serves a wide range of clients, from individual investors and small-to-mid-sized businesses to large corporations, non-profit organizations, and family foundations. With a strong history and a proven track record, Morgan Stanley Wealth Management has become a leading choice for those seeking expert financial advice and guidance.

Early Beginnings: Smith Barney & Co.

Morgan Stanley Wealth Management has its roots in the 1938 merger of Charles D. Barney & Co. and Edward B. Smith & Co., which formed Smith Barney & Co. Charles D. Barney & Co., founded by Charles D. Barney in 1873, was a New York and Philadelphia-based firm that emerged from the failure of its predecessor, Jay Cooke & Company. Edward B. Smith & Co., founded in 1892, became a significant player in securities underwriting in 1934 after absorbing the professionals from the securities business of Guaranty Trust Company, following the passage of the Glass-Steagall Act.

Morgan Stanley Wealth Management offers a comprehensive suite of financial services to cater to the diverse needs of its clients. Some of these services include:

Investment Management

Morgan Stanley Wealth Management provides many investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and more. Their financial advisors help clients develop tailored investment strategies to meet their financial goals and risk tolerance levels.

Financial Planning

Financial planning services offered by Morgan Stanley Wealth Management include retirement, education, and estate planning. Their financial advisors work with clients to understand their financial objectives and develop a comprehensive financial plan to help them achieve those goals.

What is a Financial Advisor?

A financial advisor is a specialist who offers professional financial advice to people looking to accomplish particular financial goals. You work with a financial advisor to develop a thorough financial plan that is specific to your situation, much like you would hire an architect to construct the blueprint for your home. Understanding your existing financial condition, including your income, costs, savings, and spending patterns, is a requirement for this collaboration.

Banking and Lending

Morgan Stanley Wealth Management offers banking and lending solutions, such as cash management accounts, mortgages, home equity loans, and lines of credit to help clients manage their day-to-day financial needs and achieve their long-term financial goals.

Insurance and Annuities

To help clients protect their financial future, Morgan Stanley Wealth Management offers insurance and annuity products, including life insurance, long-term care insurance, and annuities, designed to provide financial stability and peace of mind.

Philanthropy and Social Impact Investing

Morgan Stanley Wealth Management offers philanthropic advisory services and social impact investing options for clients who want to align their investments with their values and make a positive impact on society.

25/11/2023 Update
As of now, Jack Wong has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by their victims. Furthermore, he has only focused on propagating his fake PR.

Jack Wong Disclosures: BrokerCheck, FINRA, And SEC

BrokerCheck report of Jack Wong includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.

According to the BrokerCheck report, 2 customer dispute disclosures have been reported against Jack Wong:

  • In the first disclosure, As co-trustees/beneficiaries, the customer contacted nationwide without examining the fixed annuity policy issued to a relative nationwide and provided incorrect information with respect to the surrender fee, which will not apply based on riders associated with the contract purchased on 6/8/04 nonetheless, the complaint is being reported per firm policies with regard to written nature and the allegation that surrender fee may have applied without rider to the policy.
  • In the second disclosure, The complaint arose out of the sale of an auction rate security (ars) that was made prior to the widespread illiquidity in the ARS market that occurred in February 2008.
Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.

BrokerCheck

Source: https://brokercheck.finra.org/individual/summary/4210410

SEC Litigations & Forms

image 1103

Source: https://secsearch.sec.gov/searchaffiliate=secsearch&sort_by=&query=%27Jack+Wong%27

Jack Wong Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Jack Wong has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against Jack Wong that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Jack Wong on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Jack Wong Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Jack Wong using the websites down below:

Better Alternatives To Jack Wong:

These recommendations are based on the ratings of SmartAsset.com, the biggest financial advisor review platform on the internet.
Screenshot 7

Manages Assets Worth

  • $6,427,792,177

Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors (including private fund managers)
  • Family office and consulting services
Screenshot 8

Manages Assets Worth

  • $4,465,757,285

Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors (including private fund managers)
Screenshot 9

Manages Assets Worth

  • $302,000,000

Services

  • Financial planning
  • Portfolio management

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