Eldridge Michael Bourque Jr (CRD #6342308) Has a Customer Dispute and Financial Disclosure on FINRA BrokerCheck

Eldridge Michael Bourque Jr (CRD #6342308) was previously registered as a broker and has disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 11, 2026. It reflects one customer dispute and one financial disclosure. If you invested with Eldridge Bourque Jr and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Eldridge Bourque Jr’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 18, 2026, a customer alleged Eldridge Bourque Jr made unsuitable recommendations in December 2020 and December 2021. Eldridge Bourque Jr’s FINRA BrokerCheck report lists the product as oil and gas. The customer sought $20,000 in damages. The matter settled on March 4, 2026, for $20,000, and BrokerCheck lists an individual contribution of $6,000.

Financial Disclosures

Eldridge Bourque Jr’s FINRA BrokerCheck Report reflects one financial disclosure. A summary of the disclosure is below:

On March 17, 2017, Eldridge Bourque Jr reported a Chapter 13 bankruptcy. Eldridge Bourque Jr’s FINRA BrokerCheck report states the matter was discharged on June 13, 2022, in the U.S. Bankruptcy Court for the Western District of Louisiana.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a broker to have a reasonable basis to believe a recommendation is suitable for the customer. A dispute about unsuitable oil and gas recommendations can raise questions about whether the investment matched the customer’s profile, goals, and risk tolerance.

Rule Summary #2: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires firms to use reasonable diligence to know the essential facts about each customer. Those facts help shape recommendations and can matter when an investor later claims a product did not fit the account.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Eldridge Bourque Jr:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Eldridge Bourque Jr has also passed Series 7 and Series 66.

Was previously registered with firms that include S2K Financial LLC, Alexander Capital, L.P., and International Assets Advisory, LLC.

Kurta Law Can Help

If you have worked with Eldridge Bourque Jr and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.