Zach Taylor Suspended After Multiple Investor Complaints – Goodman & Nekvasil, P.A. May Recover Investor Losses
Former SAXONY CAPITAL MANAGEMENT, LLC investment adviser, Zach Taylor has multiple investor complaints.
ZACHARY ELLIS TAYLOR (CRD#: 6074776), a former broker for OPPENHEIMER & CO. INC. in NEWPORT BEACH, CA, has multiple investor complaints. According to Taylor’s FINRA BrokerCheck report, the most recent claimant asserts claims for breach of fiduciary duty, negligence, negligent supervision, breach of contract. breach of covenant of good faith and fair dealing, misrepresentation, unauthorized trading, as well as violations of FINRA rules and state securities and elder abuse law. 08/2020 – 05/2023.
OPPENHEIMER & CO. INC. terminated Taylor when he was unable to provide sufficient documentary evidence to support his contention that he had authority for all trades in a client’s account.
Update: FINRA SUSPENDS TAYLOR
Without admitting or denying the findings, Taylor consented to the sanctions and to the entry of findings that he willfully violated Rule 15/-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI) by recommending that at least three senior customers with balanced allocation investment objectives and moderate risk tolerances invest in speculative options strategies. The findings stated that Taylor recommended that the customers sell puts, typically large numbers of puts in one underlying security at a time. As time passed, Taylor recommended that the customers sell more of these puts, putting at risk most of the principal value of their accounts. Taylor also began recommending increasingly risky puts, where the strike price was closer to the trading price. Taylor’s recommendations were not in the customers’ best interest and were unsuitable for them based on their investment profiles. Taylor’s member firm has settled arbitrations with two of the customers for a total of $420,000.
Zach Taylor Suspended by FINRA
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 9/2/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.