Did you suffer investment losses with Timothy Francis Dufresne, formerly with SagePoint Financial? If so, please call our law offices based in Chicago at 312-332-4200 for a free consultation with an attorney. His former firm, SagePoint, may be responsible for financial losses incurred. We sue firms such as SagePoint in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis, so we don’t get paid unless you recover money. Please call today as time is of the essence.
Timothy Francis Dufresne entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA in connection with allegations that he engaged in misconduct with customers’ funds. He was accused of converting $400,000 from a minimum of three customers. Dufresne solicited customers to distribute funds from their variable annuities, the proceeds of which he deposited into his own business account without the knowledge of the customers. He then allegedly used the money for his own personal benefit. He was barred from the industry because of it.
According to his online FINRA BrokerCheck profile, Dufresne was registered with Franklin Financial Services, American General Securities and SagePoint Financial in Bamberg, South Carolina from October 2008 until March 2016. He has one customer dispute against him and one Judgment/Lien. He is not licensed within the industry and FINRA permanently barred him.