Morgan Stanley Advisor Chingyuan “Gary” Chang Reportedly Failed to provide information in FINRA’s investigation
According to a Letter of Acceptance, Waiver and Consent on December 19, 2022, the Financial Industry Regulatory Authority (FINRA) reportedly barred Chingyuan “Gary” Chang (CRD #2922898) from any FINRA member at any time after he failed to provide information in an investigation. FINRA was reportedly investigating the allegations stemming from Chang’s alleged dismissal from his member firm, Morgan Stanley.
On August 9, 2022, Morgan Stanley filed a Form U5 disclosing that it had discharged Chang for “[c]oncerns regarding representative’s misappropriation of funds from client accounts.”
According to his broker record, between August 1997 and January 2016, Chang was registered with six different FINRA members. Chang was reportedly affiliated with Morgan Stanley in Cupertino, California from February 2016 through August 2022.
Potential Lawsuits to Recover Investment Losses
The White Law Group is investigating potential securities fraud claims regarding the liability that Chingyuan “Gary” Chang’s employers may have for failure to properly supervise him.
When brokers violate securities laws, such as making unauthorized transactions or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
We represent investors in FINRA arbitration claims in all 50 states including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Chingyuan “Gary” Chang and Morgan Stanley, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit whitesecuritieslaw.com.
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