California Broker Negligence Attorneys

Fired Oppenheimer Broker Zachary Taylor Under Scrutiny Following Unauthorized Trading Allegations

Our Skilled California Broker Negligence Attorneys Are Investigating Investor Losses Involving This Newport Beach Financial Advisor

If you suffered significant losses while working with former Oppenheimer stockbroker Zachary Ellis Taylor, please contact Shepherd Smith Edwards and Kantas team of California Broker Negligence Attorneys (investorlawyers.com) today. Taylor, who was fired by the broker-dealer in May 2023, has been accused of alleged unauthorized trading in a client’s account. He is now a registered Saxony Securities financial advisor and also does business as 9Dot Wealth.

Taylor is involved in a pending investor dispute in which the customer is alleging unauthorized trading, unsuitable investment recommendations, overconcentration of ROKU stock, negligence, failure to supervise, breach of contract and breach of fiduciary duty. The claimant is seeking over $400K in damages. In Taylor’s CRD, he denies the allegations.

Our savvy unauthorized trading attorneys are looking into further claims of investor losses by former and current customers of Zachary Taylor. You may be able to pursue damages from the Newport Beach financial advisor and his broker-dealer of record at the time.

What Is Unauthorized Trading?

This is the term given to the purchase or sale of securities or other investments in a customer’s brokerage account without that client’s advanced knowledge or authorization. Common examples of unauthorized trading by a financial advisor:

• Making trades without the customer’s permission.
• Going beyond the firm’s limits on position exposures and other criteria.
• Purposely mismarking positions.
• Making trades in an investor’s account while taking steps to conceal the transactions.

How Do I Know If I Can Sue My Broker For Unauthorized Trading?

It is important that you speak with knowledgeable broker fraud attorneys who can help you assess whether you have grounds for an unauthorized trading lawsuit. Even if your brokerage firm was unaware of the allegedly illicit activities taking place in your account, you still may be able to hold them liable for your losses.

Unauthorized trading can lead to serious losses especially when a broker takes positions in a certain investment that are too high-risk or concentrates your account with a particular security or asset. Unauthorized trading can also happen when a rogue broker is seeking to defraud an investor.

Brokerage firms have a duty to properly supervise their financial advisors and ensure that they have the necessary procedures and protocols in place to detect, prevent, and stop unauthorized trading from happening.

How Can Our Savvy California Broker Negligence Attorneys Help?

For over 30 years, Shepherd Smith Edwards and Kantas California Broker Negligence Attorneys have exclusively represented investors in pursuing the brokerage firms whose negligence, misconduct, or failure to supervise enabled serious investor losses to arise. With over a combined century’s experience in securities law and the securities industry, we have the skills and resources to fight for you against even the biggest Wall Street firms.

If you do have grounds for an unauthorized trading lawsuit, and we agree to work together, our seasoned securities lawyers will conduct a thorough discovery of your losses, prepare and file your FINRA lawsuit, and provide you with zealous representation before the panel of arbitrators.

How Can You Reach Us To Discuss Your Investor Losses Involving Former Oppenheimer Stockbroker Zach Taylor? 

To schedule your free, no-obligation case consultation, call our team of California Broker Negligence Attorneys at (800) 259-9010 today. In Southern California, our Newport Beach broker negligence attorneys can be reached at (619) 550-4847.