Chang voluntarily resigned from Morgan Stanley following the customer dispute.
Henry Chia-How Chang (CRD#: 4049732) is registered as a broker and investment adviser with Laidlaw & Company (UK), where he has been employed since March 2021. Previously, he was registered as a broker and investment adviser with Morgan Stanley from 2015 until January 2021.
Chang has five disclosures on his BrokerCheck report. One dispute filed against Chang was denied.
January 2021 Employment Separation After Allegations
- Firm Name: Morgan Stanley Smith Barney, LLC
- Termination Type: Voluntary Resignation
- Allegations: Allegations about whether the representative was involved in soliciting outside investments and/or in outside activities.
- Broker Comment: I submit this comment to make it clear but I’ve done nothing wrong. The outside business activities allegation arose from my leadership position in the Chinese American community. I acted, as I frequently do, as a go-between/translator for non English speaking Chinese Americans. I helped them do their business. I was not involved in the solicitation of any outside investment.
January 2021 Customer Dispute
- Status: Pending
- Allegations: Plaintiff alleges, inter alia, selling away with respect to outside investments – April 2018 – January 2021.
October 2020 Customer Dispute
- Status: Pending
- Allegations: Plaintiff alleges selling away with respect to certain investments – Jan 2018 – Oct 2020.
March 2008 Customer Dispute
- Status: Settled
- Allegations: Complaint about auction rate securities that alleged misrepresentation. Damages unspecified.
- Settlement Amount: $75,058.00
- Broker Comment: This matter involves the sale of auction rate securities (ARS). The transaction(s) at issue took place before mid-February 2008, when the ARS market suffered widespread auction failures and illiquidity. The financial advisor did not cause, contribute, or have any control whatsoever over these market events. The firm reached agreement with certain of its regulators, pursuant to which it repurchased ARS for their full par value from certain clients, including the instant client, whether they complained or not. The financial advisor was not a party to that agreement, did not make any payment to the client, and was not asked to and did not contribute to the repurchase amount. The settlement amount in Item 11 above reflects the par value of the repurchased ARS, as required by FINRA Regulatory Notice 09-12.
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The Sonn Law Group is currently investigating allegations surrounding Henry Chia-How Chang. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.