Our Blog

Timothy Dufresne, Sagepoint Financial, is Permanently Barred

SagePointFINRA records confirm that former Sagepoint Financial broker Timothy Dufresne, in South Carolina, has been permanently barred from the securities industry and from giving financial advice. The investor recovery law firm of StockBrokerLawyer.com and Adept Law Firm seeks any customers of Timothy Dufresne that suffered losses in their accounts.

Timothy Dufresne worked more than 15 years as a financial advisor and last worked for Sagepoint Financial in Bamberg, South Carolina (2008-2016). Previously he worked for American General Securities in West Bend, Wisconsin (2002-2008). He is currently not registered with any state or firm, so he cannot work as a financial advisor or broker.

In April 2016, FINRA sanctioned Timothy Dufresne following complaints that he “converted at least $400,000 from customers by improperly obtaining distributions of funds from the customers’ variable annuities, depositing the funds in his business account, and using the funds for his own benefit without the customers’ authorization.” According to FINRA’s complaint, Mr. Dufresne obtained checks totaling $400,000 through distribution request forms, endorsed each check, and deposited the funds into his business account. He was permanently barred from acting as a broker or giving financial advice. Of course.

In March 2016, Timothy Dufresne was terminated from his position at Sagepoint Financial following complaints that withdrawals were made from an annuity contract which the client could not account for at all.

If you have losses in your account, with Timothy Dufresne, call (888) 986-7199 or write the investment recovery lawyers at StockBrokerLawyer.com for a free no-cost consultation. We can help recover your losses and seek other damages, too.

You can use the email form or chat on StockBrokerLawyer.com You may be entitled to recover your losses. We work on contingency: we are paid only when you are paid. Time is limited; delay is the favorite defense of the brokerage firms. Call 888-986-7199 now to speak to an attorney for a no cost evaluation. We are here to help.


This is a unique website which will require a more modern browser to work! Please upgrade today!