{"id":6386,"date":"2018-08-30T16:25:53","date_gmt":"2018-08-30T16:25:53","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6386"},"modified":"2018-08-30T16:25:53","modified_gmt":"2018-08-30T16:25:53","slug":"dallas-texas-based-wells-fargo-broker-expelled-by-finra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/","title":{"rendered":"Dallas, Texas-Based Wells Fargo Broker Expelled by FINRA"},"content":{"rendered":"<p>\t\t\t\tThe Financial Industry Regulatory Authority (FINRA) has barred J. Gordon Cloutier, Jr. (Cloutier), a former Wells-Fargo (WFC) broker based in the Dallas area of Frisco, Texas, after he allegedly tried to make an <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/unauthorized-trading\/\">unauthorized trade<\/a> and requested a loan from a client.\u00a0 Cloutier, who had worked at the firm for seven years, was fired in 2016.\u00a0 Previous to working with Wells Fargo, Cloutier was \u00a0a Merrill Lynch broker, which is now a division of Bank of America (BAC), from 1996 to 2009. \u00a0FINRA ultimately barred Cloutier after he failed to respond\u00a0to numerous attempts by the self-regulatory organization to interview him for its probe. It is FINRA\u2019s policy to open an investigation after a broker is let go from a firm. It was Cloutier\u2019s lack of response that led to FINRA issuing the \u00a0default bar from the industry.<\/p>\n<p>At Shepherd Smith Edwards and Kantas LLP, our <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/\">Texas broker fraud law firm <\/a>represents investors in helping them to recoup their losses sustained due to broker misconduct, negligence, or carelessness. Over the years, we have successfully helped thousands of investors from our Houston offices. If you were an investors who worked with Cloutier, our <a href=\"https:\/\/www.investorlawyers.com\">Wells Fargo investor fraud attorneys <\/a>want to hear from you.<\/p>\n<h2><strong>Broker Fraud<\/strong><\/h2>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/\"  title=\"Continue Reading Dallas, Texas-Based Wells Fargo Broker Expelled by FINRA\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Industry Regulatory Authority (FINRA) has barred J. Gordon Cloutier, Jr. (Cloutier), a former Wells-Fargo (WFC) broker based in the Dallas area of Frisco, Texas, after he allegedly tried to make an unauthorized trade and requested a loan from a client.\u00a0 Cloutier, who had worked at the firm for seven years, was fired in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3762,3836],"tags":[2645,3022],"class_list":["post-6386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-current-investigations","category-wells-fargo","tag-rogue-brokers","tag-wells-fargo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wells Fargo Broker Expelled by FINRA | Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"FINRA has barred a former Wells Fargo broker based in the Dallas area of Frisco after he allegedly tried to make an unauthorized trade from a client.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Wells Fargo Broker Expelled by FINRA | Investor Lawyers Blog\" \/>\n<meta name=\"twitter:description\" content=\"FINRA has barred a former Wells Fargo broker based in the Dallas area of Frisco after he allegedly tried to make an unauthorized trade from a client.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wells Fargo Broker Expelled by FINRA | Investor Lawyers Blog","description":"FINRA has barred a former Wells Fargo broker based in the Dallas area of Frisco after he allegedly tried to make an unauthorized trade from a client.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/","twitter_card":"summary_large_image","twitter_title":"Wells Fargo Broker Expelled by FINRA | Investor Lawyers Blog","twitter_description":"FINRA has barred a former Wells Fargo broker based in the Dallas area of Frisco after he allegedly tried to make an unauthorized trade from a client.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Dallas, Texas-Based Wells Fargo Broker Expelled by FINRA","datePublished":"2018-08-30T16:25:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/"},"wordCount":717,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","keywords":["rogue brokers","Wells Fargo"],"articleSection":["Broker Fraud","Current Investigations","Wells Fargo"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/","url":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/","name":"Wells Fargo Broker Expelled by FINRA | Investor Lawyers Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","datePublished":"2018-08-30T16:25:53+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"FINRA has barred a former Wells Fargo broker based in the Dallas area of Frisco after he allegedly tried to make an unauthorized trade from a client.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/04\/justice-bw-1.jpg","width":1200,"height":552,"caption":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/dallas-texas-based-wells-fargo-broker-expelled-by-finra\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Dallas, Texas-Based Wells Fargo Broker Expelled by FINRA"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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