MICHAEL EDWARD HACK is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 225 WEST SANTA CLARA STREET, SUITE 900, SAN JOSE, CA, 95113.
MICHAEL EDWARD HACK has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
MICHAEL EDWARD HACK has 2 Disclosure Event(s).
Date: February 01, 2002 Category: Customer Dispute Allegations: CUSTOMERS CLAIM THAT THEY RELIED ON THE BROKERS PROMISES TO OPEN ACCOUNTS WITH PAINEWEBBER. SPECIFICALLY, THEY CLAIM THAT THE "ACTUAL PERFORMANCE WAS OPPOSITE TO WHAT [THE BROKER] CLEARLY TOLD US TO GAIN OUR TRUST AND BUSINESS." ADDITIONALLY, CUSTOMERS CLAIM THAT BROKERS PROMISED TO "TAKE A LOSS TO PRESERVE CAPITAL IF FUNDAMENTALS DETERIORATED OR COLLAPSED", BUT FAILED TO DO SO WITH EXODUS OR JDSU. TIME FRAME: 1999 - 2001. Damage Amount Requested: $12,940.99
Date: May 18, 2001 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT AT A MEETING ATTENDED BY FA MACDONALD AND FA HACK, THEY WERE ADVISED THAT FA HACK WOULD "BE IN CHARGE OF THE SALE OF THE EXODUS STOCK AND THE MANAGEMENT OF "HIS" (OUR) STOCK PORTFOLIO" AND THAT IT WAS TO BE SOLD "WITHIN 2 TO 3 WEEKS OF THE MEETING" DEPENDING ON PAPERWORK. THEY GO ON TO ALLEGE THAT THEY "LEARNED . . . THAT MIKE HAD NOT SOLD ALL THE EXODUS STOCK" AS DISCCUSSED. THEY ALSO RAISE CONCERNS ABOUT TAX MONIES THAT WERE NOT WITHHELD. DAMAGES ESTIMATED TO EXCEED $5,000.
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