Zachary Taylor : Lawsuit Investigation

Investor Lawsuit Investigation – Zachary Taylor

The White Law Group is investigating potential securities claims involving former financial advisor Zachary Ellis Taylor (CRD# 6074776), in light of customer complaints, regulatory disclosures, and recent FINRA sanctions.

August 2025 FINRA Suspension

In August 2025, the Financial Industry Regulatory Authority (FINRA) issued a nine-month suspension against Zachary “Zach”  Taylor, preventing him from associating with any FINRA member firm in any capacity.

According to the Letter of Acceptance, Waiver, and Consent (No. 2022075083801), FINRA found that Taylor recommended unsuitable high-risk put options in volatile technology stocks to at least three senior customers whose profiles called for balanced allocation and moderate risk tolerance. These recommendations allegedly caused significant losses for vulnerable investors.

This disciplinary action underscores the serious concerns surrounding Taylor’s conduct and highlights the risks of brokers recommending speculative investments to clients with conservative investment objectives.

Zachary Taylor’s Broker Record

According to FINRA’s BrokerCheck, Taylor was most recently registered as a broker with Saxony Securities, Inc. and previously with Oppenheimer & Co. Inc. His BrokerCheck report reflects eight disclosures, including:

• Five settled customer disputes

• One termination from a brokerage firm

• A criminal charge

• A bankruptcy filing discharged in June 2024

Taylor was terminated by Oppenheimer & Co. Inc. in May 2023 for allegedly failing to provide documentation supporting his authority for client trades.

Zachary Taylor Customer Complaints

Taylor has reportedly been the subject of multiple investor complaints involving serious allegations such as:

• Breach of fiduciary duty

• Unauthorized trading

• Misrepresentation & fraud

• Negligence

• Elder abuse

Recent Settlements

• January 2024 – Settled for $170,000. Allegations included breach of fiduciary duty, negligence, misrepresentation, unauthorized trading, and FINRA rule violations (Aug. 2020–May 2023).

• December 2023 – Settled for $50,000. Alleged account mismanagement. Taylor denied wrongdoing.

• September 2023 – Settled for $85,000. Alleged fraud, breach of contract, unauthorized trading, and securities law violations.

• April 2022 – Settled for $250,000. Alleged unsuitable investments, unauthorized trading, and overconcentration in Roku stock.

Risks of Broker Misconduct and Supervision Failures

Financial advisors are legally obligated to recommend investments that are suitable for their clients’ objectives and risk tolerance. When brokers engage in misconduct—such as unauthorized trading or recommending speculative options to seniors—investors can face devastating financial losses.

Brokerage firms that fail to supervise their representatives may also be held liable for investor damages.

Recovery Options for Investors

If you lost money investing with Zachary Taylor, you may be able to pursue recovery through a FINRA arbitration claim against the brokerage firms that employed him, including Oppenheimer & Co. and Saxony Securities.

FINRA Arbitration vs. Class Action – What’s the Difference?

• FINRA arbitration: Private process, faster outcomes, individualized awards.

• Class action lawsuits: Group claims, often lengthy with smaller individual recoveries.

Each case is fact-specific and depends on the investor’s unique circumstances.

Free Consultation

The White Law Group has handled over 800 FINRA arbitration claims nationwide involving broker misconduct and investment fraud.

If you are concerned about your investments with Zachary Taylor, please call 1-888-637-5510 for a free consultation.

For more information, visit www.whitesecuritieslaw.com