Zach Taylor: FINRA Suspends Ex-Oppenheimer Advisor

Former Newport Beach, California financial advisor Zach Taylor (CRD# 6074776) was recently sanctioned and suspended in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he was recently registered as a broker with Saxony Securities and Oppenheimer & Company.

A Letter of Acceptance, Waiver, and Consent (No. 2022075083801) describes FINRA’s disciplinary action against Mr. Taylor. Filed in August 2025, it describes allegations that he recommended unsuitable investments in speculative options strategies to at least three senior customers whose investment objectives called for balanced allocation and whose risk tolerances were moderate. “Specifically,” the Letter states, he “recommended that his customers sell large numbers of higher-risk put options contracts in high-volatility technology stock,” resulting in “significant losses.” FINRA found that his recommendations were not in the customers’ best interest, concluding that he violated FINRA Rules as well as Regulation Best Interest.As a result, he was issued a nine-month suspension from registering with any member firm in all capacities.

Mr. Taylor’s BrokerCheck report discloses several investor complaints. The most recent, filed in 2023, alleged that as an Oppenheimer & Company representative, he mismanaged the customer’s account. The complaint reached a settlement of $50,000.

A second investor complaint, filed in 2024, alleged that as an Oppenheimer representative, he breached his fiduciary duty, acted negligent, breached contract, misrepresented material facts, executed unauthorized trades, and violated elder abuse law. The complaint reached a settlement of $170,000.

According to the Financial Industry Regulatory Authority, Zach Taylor holds 10 years of securities industry experience. Most recently based in Newport Beach, California, he was last registered as a broker with Saxony Securities in 2023. His past registrations include Oppenheimer & Company, Merrill Lynch, and Wells Fargo Advisors. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He is not currently licensed as a broker or an investment advisor. (Information current as of August 25, 2025.)

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