Zachary Green: $200K Complaint Against Merit Financial Advisor

Raleigh, North Carolina financial advisor Zachary Green (CRD# 5714566) allegedly failed to properly explain an investment strategy, according to an investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Purshe Kaplan Sterling and an investment advisor with Merit Financial Advisors.

Mr. Green’s BrokerCheck report discloses one investor complaint. Filed in July 2026, it alleges that as a representative of Merit Financial Advisors, he did not properly explain the “potential sell of equity positions in [a] covered call strategy.” The pending complaint alleges damages of $200,000.

Investors should be aware of FINRA Rule 2020, which forbids financial advisors like Mr. Green from “effect[ing] any transaction in, or induc[ing] the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” In other words, they may not misrepresent or omit material facts—that is, information that poses a significant consideration for investors considering an investment or investment strategy—concerning their recommendations to their clients. Brokers who fail to fully explain the investments they recommend may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Zachary Green holds 13 years of securities industry experience. Based in Raleigh, North Carolina, he has been registered as a broker with Purshe Kaplan Sterling and an investment advisor with Merit Financial Advisors since 2025. His past registrations include Wealth Enhancement Advisory, Wealth Enhancement Brokerage, Morgan Stanley, E*Trade Capital Management, E*Trade Securities, and Edward Jones. His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 2 state licenses. (Information current as of September 7, 2026.)

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