Gary Datta: $258K Complaint Against Ex-Edward Jones Advisor

Coppell, Texas financial advisor Gary Datta (CRD# 6060441) allegedly made unauthorized trades, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Wells Fargo Advisors, having previously been registered with Edward Jones.

Mr. Datta’s BrokerCheck report discloses one investor complaint. Filed in October 2025, it alleges that as a representative of Edward Jones, he breached his fiduciary duty, acted negligently, was negligent in his supervisory duties, committed fraud, breached contract, and made unauthorized trades in the customer’s account. The pending complaint alleges damages of $258,993.

Investors should be aware that negligence denotes an advisor’s failure to uphold their duty of care to a client. That failure generally takes the form of a registered representative doing something that a reasonably prudent advisor would not do under similar circumstances. Alternatively, it might take the form of the representative not doing something that a reasonably prudent advisor would do under similar circumstances. Negligence might look like a broker failing to perform adequate due diligence and consequently recommending unsuitable investments; a broker failing to diversify a client’s portfolio; a broker failing to follow a client’s instructions; and more. Such lapses may be considered a violation of FINRA Rule 2010, under which registered representatives are required to “observe high standards of commercial honor and just and equitable principles of trade” as they conduct their business. Representatives who act negligently may be held liable in the event of losses and/or subject to disciplinary action by securities regulators.

According to the Financial Industry Regulatory Authority, Gary Datta holds 13 years of securities industry experience. Based in Coppell, Texas, he has been registered as a broker and an investment advisor with Wells Fargo Advisors since August 2025. His past registrations include Edward Jones and Merrill Lynch. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the General Securities Representative Examination, or Series 7. He is licensed in Arkansas, California, Florida, Massachusetts, Mississippi, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, and Washington. (Information current as of November 23, 2025.)

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