Travis Salley Allegedly Engaged in Outside Business Activity

Travis Salley (CRD# 6523971[1]), an investment adviser registered with Zero Day Capital Enterprises, engaged in an unapproved outside business activity, according to allegations made by a former member firm. MDF Law is investigating the West Point, New York-based financial professional for similar conduct. If you have concerns about investments in your accounts, contact our law firm to receive a free consultation. 

More information about the allegations involving Mr. Salley follows below. The information in this post is based on an October 1, 2024 review of his Financial Industry Regulatory Authority (FINRA) BrokerCheck profile and his Securities and Exchange Commission (SEC) Investment Adviser Public Disclosure form.

Why Did Empirikal Partners Fire Travis Salley?

On July 11, 2024, Empirikal Partners fired Mr. Salley. According to a disclosure on his BrokerCheck profile, the firm terminated his registration following allegations that he engaged in an unapproved outside business activity. The disclosure provides no additional information about the activity in question.

Understanding FINRA’s Outside Business Activities Rule

FINRA rules prohibit brokers like Mr. Salley from undertaking outside business activities without providing prior written notice to their firm. Perhaps the most important rule governing outside business activities is FINRA Rule 3270. This rule makes clear that registered persons may not engage in business activities outside the scope of their relationship with their member firm, “unless [they have] provided prior written notice to the member, in such form as specified by the member.”

What Is Empirikal Partners?

Mr. Salley’s former member firm, Empirikal Partners, describes itself as a firm that believes in “the power of teamwork,” according to the “Our Services” page on its website[2]. “To embark on a successful financial journey, it is crucial to have a comprehensive roadmap that allows you and your financial professional to analyze various options before making final decisions,” the firm notes. “We emphasize the importance of studying both the short- and long-term impact of the choices you may be considering.” 

FINRA: Broker Based in West Point, New York

Travis Salley began his career as a broker in 2015, when he registered with Edward Jones’ branch office in Henderson, Nevada. The following year, he registered with Wells Fargo’s office in Charlotte, North Carolina, where he remained until 2020. After leaving Wells Fargo, he joined Empirikal Partners’ office in Hattiesburg, Mississippi. He remained at the firm until his firing earlier this year. In May 2024 he registered with Zero Day Capital Management’s office in West Point, New York, where he remains today. With eight years of experience as an investment adviser, he has completed three industry exams, including the Series 66. 

Call MDF Law Today for a Free Consultation

MDF Law’s team of attorneys [3]have recovered millions in investment losses for the victims of broker fraud. We accept cases on contingency, meaning you only pay a fee if you win your case—no hourly fees. We offer free consultations to investors across the US. If you lost money working with Travis Salley, call 800-767-8040 to speak with an attorney today.