Matthew Blaise White (CRD #3039904) Has Customer Dispute Disclosures on FINRA BrokerCheck

Matthew Blaise White (CRD #3039904) is a broker with customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 15, 2026. It reflects two customer disputes. If you invested with Matthew White and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Matthew White’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of the disputes are below:

On March 17, 2026, a customer alleged Matthew White made unsuitable recommendations and breached fiduciary duties. The pending claim involves oil and gas investments and seeks at least $5,000 in damages. Matthew White’s FINRA BrokerCheck Report lists Avantax Investment Services, Inc. as the firm at the time. It also lists FINRA arbitration case number 26-00572.

On March 2, 2009, a client alleged that money managers mismanaged and churned the client’s accounts. The dispute involved wrap accounts and an outside money manager. Matthew White’s FINRA BrokerCheck Report states that H.D. Vest denied the complaint on June 16, 2009. White’s broker statement says no wrongdoing was found based on the initial information reviewed.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. The review should fit the customer’s profile. That includes risk tolerance, time horizon, and liquidity needs.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires member firms to observe high standards of commercial honor. It also requires just and equitable principles of trade. Customer disputes can raise fair-dealing concerns.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Matthew White:

Is currently registered with Cetera Wealth Services, LLC and Cetera Investment Advisers LLC.

Has passed the Securities Industry Essentials (SIE) exam. Matthew White has passed Series 7 and Series 24. He has also passed Series 66.

Was previously registered with firms that include Avantax Advisory Services and Avantax Investment Services, Inc.

Kurta Law Can Help

If you worked with Matthew White and have concerns about his activity, Kurta Law may be able to help. A securities attorney can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful Resources: Unsuitable Investments | Securities Fraud Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can explain possible next steps.