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Investor Names Zachary Taylor in Alleged Unauthorized, Unsuitable Investments

Zachary Taylor (CRD #: 6074776), a broker registered with Oppenheimer & Company, allegedly engaged in unauthorized trading, according to his BrokerCheck record, accessed on June 20, 2022. Read on if you want to know more about Zachary Taylor’s conduct as a broker.

Investor Dispute

On April 20, 2022, an investor alleged that Zachary Taylor placed unauthorized and unsuitable investments in his accounts between September 2020 and the filing of the dispute. This dispute was denied by the firm.

That being said, investors should know that firms can deny disputes without a third-party review. Investors may be able to recover their losses by seeking out FINRA arbitration after a denial.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their firm and their client before they can exercise their trading discretion in an investor’s account.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as those that sufficiently match an investor’s profile. These profiles contain information such as an investor’s age, risk tolerance, and other investments.

Investors who lose money through unsuitable investments may be able to recoup their losses through FINRA arbitration.

Background Information

Zachary Taylor has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Zachary Taylor is a registered broker in eight states and a registered investment adviser in California.

In the past, he has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) and Wells Fargo Advisors (CRD#:19616).

Kurta Law Can Help

If you worked with Zachary Taylor and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.