Zachary White (CRD# 7730774) is a FINRA-registered stockbroker with Moomoo Financial Inc. in Jersey City, New Jersey, where he serves as a General Securities Representative and is licensed in 53 U.S. states and territories.
Stockbroker’s Career History
Zachary White has been registered with Moomoo Financial Inc. (CRD# 283078) since May 21, 2024, working from the firm’s Jersey City, New Jersey branch office. He previously was registered with Charles Schwab & Co., Inc. (CRD# 5393) in Westlake, Texas from October 2023 to May 2024. His reported background includes prior non-investment-related employment and periods as a full-time student before entering the securities industry.
Zachary White Fraud Allegations and Investor Complaints Explained
According to White’s FINRA BrokerCheck report, there is one pending customer dispute disclosure involving conduct while associated with Moomoo Financial Inc. The following information is based on publicly available regulatory filings; the allegations are unproven unless and until finalized in an adjudication or settlement:
On September 26, 2025, a claimant initiated a FINRA arbitration (Case No. 25-02016) alleging that Zachary White and Moomoo Financial Inc.:
- Violated the Florida Deceptive Trade Practices Act;
- Breached a verbal agreement to transfer the claimant’s assets and waive transfer fees;
- Improperly refused to transfer funds, allegedly in retaliation for a prior FINRA case;
- Caused stress and loss of a promotional transfer bonus tied to the assets.
The claimant seeks $10,000 in compensatory damages. The matter is reported as pending.
Summary of Reported Disclosure
- Type: Customer Dispute – Pending
- Reporting Source: Broker
- Forum: FINRA Arbitration (Case No. 25-02016)
- Allegations: Violations of Florida Deceptive Trade Practices Act; breach of verbal agreement regarding asset transfer and waiver of transfer fees; alleged retaliatory refusal to transfer funds.
- Alleged Damages: $10,000
- Status: Pending – no final award or settlement reported as of the latest filing.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
In the context of the pending allegations against Zachary White, FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is central. Rule 2010 requires brokers to observe high standards of commercial honor and just and equitable principles of trade in all business dealings. When a broker allegedly promises to transfer assets and waive fees, but then refuses to do so and is accused of acting in retaliation for a prior FINRA matter, arbitrators may consider whether such conduct, if proven, reflects unfair treatment, abuse of a customer relationship, or bad faith inconsistent with Rule 2010’s broad ethical standard—even if no specific product recommendation is at issue.
The alleged refusal to transfer customer assets and honor agreed-upon terms also implicates industry obligations surrounding prompt and non-obstructive account transfers, including the framework reflected in FINRA Rule 11870 (Customer Account Transfer Contracts). While the reported dispute does not detail a standard ACATS transfer failure, FINRA expects member firms and associated persons to cooperate in good faith with legitimate transfer requests and not use procedural or discretionary controls to improperly delay or block customers’ access to their funds. In a case where a customer claims a broker or firm willfully withheld transfers and related benefits without legal justification, arbitrators may examine whether such conduct, if substantiated, is inconsistent with the spirit of Rule 11870 and constitutes unfair impediments to customer account portability.
Allegations that a broker’s conduct was retaliatory or deceptive may further be analyzed under FINRA Rule 2010 in conjunction with broader anti-fraud and fair-dealing principles, including prohibitions on misleading statements or omissions about how a customer’s assets will be handled. If a broker or firm induced a customer’s reliance through assurances about fee waivers or transfers and then acted inconsistently with those assurances, arbitrators may view that as conduct that erodes market integrity and investor trust. Even absent a separate enumerated rule violation, such behavior—if proven—can support a finding that the broker and/or firm failed to live up to the standards of honesty and fairness required under FINRA’s rules and applicable state consumer protection laws.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation. Investors who believe they have been harmed by transfer-related misconduct, deceptive practices, or retaliation by a brokerage firm are encouraged to contact us promptly to evaluate potential claims. Law Offices of Robert Wayne Pearce, P.A