Former Morgan Stanley Broker Jeffrey Hackett Accused of Unsuitable Investment Recommendations

Morgan Stanley

Erez Law is currently investigating former Morgan Stanley broker Jeffrey Hackett (CRD# 2575374) regarding unsuitable investment recommendations. He has been registered with UBS Financial Services Inc. in San Diego, California since 2008. 

Jeffrey Hackett Customer Complaints

He has been the subject of two customer complaints between 2011 and 2021, according to his CRD report. The most recent complaint was regarding: 

December 2021. “Claimant alleges, inter alia, unsuitability with regards to managed account – April, 2007 to November, 2008.” The customer is seeking $5 million in damages and the case is currently pending. The complaint was regarding managed and wrapped accounts and it took place while he was registered with Morgan Stanley. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Jeffrey Hackett’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.