Expert Review

Seth Haye: Exposed to FINRA Charges or not?

Who is Seth Haye (CRD#: 4799064)?

Seth Haye is a Managing Director, Financial Advisor, and Senior Portfolio Management Director at Morgan Stanley. He is the senior partner of Morgan Stanley’s The Oaks Group. He has given leadership and assistance on all financial problems affecting his clients’ lives since 2004.

Seth was named the #1 Next-Gen Wealth Advisor in America by Forbes in 2019. From 2016 to 2019, Seth was named to this list each year. He has made Forbes’ list of Best-In-State Wealth Advisors every year from 2018 to 2022 and is now ranked #8, State of California, Los Angeles (High Net Worth). Seth has also been named to Barron’s Top 1,200 U.S. Financial Advisors list for the years 2020-2022.

This article will go further into Seth Haye’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.

30/11/2023 Update
As of now, Seth Haye has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

Seth Haye Disclosures: BrokerCheck, FINRA, And SEC

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

As per the BrokerCheck report, 3 customer dispute disclosures have been reported against Seth Haye:

  • In the first disclosure, the client complained about auction rate securities that alleged failure to follow instructions.
  • In the second disclosure, the client complained about auction rate securities that alleged suitability and misrepresentation. 
  • In the third disclosure, the client alleged unsuitability with respect to investment.
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 conflicts in the past.

BrokerCheck

Source: https://brokercheck.finra.org/individual/summary/4799064

SEC Litigations & Forms

image 1041

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

Seth Haye Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Seth Haye 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 Seth Haye that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Seth Haye on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

Seth Haye 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 Seth Haye using the websites down below:

You can contact the law firms mentioned above if facing issues with Seth Haye or any financial advisor.

Better Alternatives To Seth Haye:

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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