Broker Investigation: J. Gordon Cloutier Jr.

Broker-Investigation--J.-Gordon-Cloutier-Jr.
Gordon Cloutier Jr. (CRD#: 2817022) is a former securities broker and investment advisor. From 2009 to 2016, Mr. Cloutier Jr. was a representative of Wells Fargo Advisors, LLC in the Dallas metro area.

In September of 2016, J. Gordon Cloutier Jr. was discharged from his position at this brokerage firm after allegations that he engaged in unauthorized trading. As of August 28th, 2018, Mr. Cloutier Jr. has been barred by FINRA.

 

FINRA Bars Former Wells Fargo Broker J. Gordon Cloutier Jr.

Following his discharge from Wells Fargo, FINRA launched an investigation into the allegations that J. Gordon Cloutier Jr. made unauthorized transactions on behalf of one of the firm’s customers. The agency made multiple efforts to get Mr. Cloutier Jr. to provide financial documents and to provide oral answers to investigators’ questions.

Failure to cooperate with an investigation violates securities industry regulations. Mr. Cloutier Jr. declined to cooperate with the investigation. Beyond the allegations of unauthorized transactions, FINRA was also inquiring as to whether this broker improperly solicited a loan from a customer. Due to the fact that Mr. Cloutier Jr. failed to respond, the FINRA Hearing Officer submitted a default decision in this case. This broker has now been barred from associating with any member firm in any capacity.

 

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