Broker Investigation: J. Gordon Cloutier Jr.

Broker-Investigation--J.-Gordon-Cloutier-Jr. Gordon Cloutier Jr. (CRD#: 2817022) is a previously registered securities broker.

Most recently, Mr. Cloutier Jr. was employed at Wells Fargo Advisors, LLC, based at an office in Frisco, Texas (2009-2016). Previously, Mr. Cloutier Jr. worked at Merrill, Lynch, Pierce, Fenner & Smith, in Plano, Texas.

On April 30th, 2018, the Financial Industry Regulatory Authority (FINRA) filed a complaint against J. Gordon Cloutier Jr. According to the complaint, Mr. Cloutier failed to appear for testimony under oath when it was requested by FINRA.

This testimony was requested after his termination from a brokerage firm following allegations of misconduct. For the full complaint, please refer to Disciplinary Proceeding No. 2016051652702.


FINRA Complaint: J. Gordon Cloutier Jr.

In September of 2016, J. Gordon Cloutier Jr. was terminated from his position at Wells Fargo Advisors. According to FINRA records, the termination followed allegations that Mr. Cloutier had asked a customer for a personal loan and made unauthorized trades on the customer’s account.

Soon after, FINRA launched an investigation into the conduct of Mr. Cloutier. Twice, Mr. Cloutier failed to submit to requests for on-the-record testimony, as is required by FINRA Rule 8210. The agency is now seeking sanctions against this broker, potentially including a fine, suspension, or any other appropriate penalties. As of May 13th, 2018, the proceedings against Mr. Cloutier are pending.


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