Matt White: Oil & Gas Complaint Against Cetera, True North Advisor

Baytown, Texas financial advisor Matt White (CRD# 3039904) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Cetera and the owner of True North Private Wealth Partners.

Mr. White’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2026, alleges that as a representative of Avantax Investment Services, he breached his fiduciary duty and made unsuitable recommendations in connection with oil and gas investments. The pending complaint alleges unspecified damages of at least $5,000.

A second investor complaint, filed in 2009, alleged that as a representative of HD Vest, he mismanaged and churned the customer’s accounts. The complaint alleged unspecified damages and was denied by the firm.

For reference, the denial of an investor complaint does not necessarily mean the underlying allegations were groundless, but rather that the firm made such a determination after performing its own review of the claim. Investors whose complaints are denied can still pursue recourse through other avenues, like FINRA arbitration claims.

According to the Financial Industry Regulatory Authority, Matt White holds 26 years of securities industry experience. Based in Baytown, Texas, he has been registered as a broker and an investment advisor with Cetera since 2025 and is the owner of True North Private Wealth Partners. His past registrations include Avantax Investment Services and Avantax Advisory Services. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 21 state licenses. (Information current as of May 23, 2026.)

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