Goutam Datta (CRD# 6060441) is a financial advisor and registered representative currently associated with Wells Fargo Advisors / Wells Fargo Advisors Financial Network, LLC in Coppell, Texas.
Financial Advisor’s Career History
Based on the BrokerCheck report, Datta’s securities-industry registration history includes:
- Wells Fargo Advisors Financial Network, LLC (Coppell, TX): Registered Representative (08/2025 – Present).
- Edward Jones (Southlake, TX / St. Louis, MO): Financial Advisor (02/2015 – 08/2025).
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (Fort Worth, TX): Registered (08/2012 – 02/2015).
Goutam Datta Fraud Allegations and Investor Complaints Explained
FINRA’s BrokerCheck report for Datta reflects one reported customer dispute, currently listed as pending.
Pending FINRA Arbitration Alleging Unauthorized Trading (Case No. 25-02305)
According to the disclosure details, while Datta was associated with Edward Jones, a claimant filed a FINRA arbitration asserting claims including breach of fiduciary duty, negligence, negligent supervision, fraud, and breach of contract, tied to alleged unauthorized trading in the claimant’s account.
Key reported details include:
- Forum: FINRA Arbitration
- Docket/Case #: 25-02305
- Filing date: 10/22/2025
- Alleged damages: $258,993.00
- Status: Pending
Disclosures (for context)
- Customer Dispute (Pending) — FINRA Arbitration 25-02305 (Filed 10/22/2025): Allegations include breach of fiduciary duty, negligence, fraud, breach of contract, and unauthorized trading; $258,993.00 in alleged damages; pending.
To obtain a copy of Goutam Datta’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is frequently implicated when a broker is accused of conduct that violates basic standards of ethical behavior—such as executing trades a customer did not authorize or otherwise engaging in dishonest or improper sales practices as alleged in the pending arbitration.
FINRA Rule 3260 (Discretionary Accounts) can be relevant in unauthorized-trading allegations because it governs how and when a broker may exercise discretion in a customer’s account and typically requires appropriate written authorization and firm acceptance/supervision before discretionary trading is permitted. Where a customer alleges trades were placed without approval, questions often arise about whether the account had proper discretionary authority and controls in place.
FINRA Rule 3110 (Supervision) is commonly analyzed in cases alleging unauthorized trading and related misconduct because it requires broker-dealers to establish and maintain supervisory systems designed to achieve compliance with applicable rules. In a dispute alleging unauthorized activity, supervision issues may include how the firm monitored trading, reviewed exception reports, and responded to red flags or customer concerns.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.