Goodman and Nekvasil May Recover Investors Losses | Timothy Francis Dufresne (Timothy Dufresne), Financial Advisor Barred by FINRA
Timothy Dufresne was licensed with Sagepoint Financial, Inc. from 2008 to 2016. Reported by FINRA on April 8, 2016, Timothy Dufresne, was barred from association with any FINRA member in any capacity indefinitely. FINRA reports that Timothy Dufresne consented to the sanctions and to the entry of findings that Timothy Dufresne converted at least $400,000 from customers by improperly obtaining distributions of funds from the customers’ variable annuities and depositing the funds in his business account for his own benefit without the customers authorization. The findings stated that Timothy Dufresne obtained, through distribution request forms, checks totaling more than $400,000 from customers’ variable annuity accounts. Thereafter, according to FINRA, Timothy Dufresne endorsed each check and deposited the funds into his business account.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. All our cases are handled on a purely contingency fee basis.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Timothy Francis Dufresne, you may be able to recover your losses from Sagepoint Financial, Inc. This is because Sagepoint Financial Inc., had a duty to supervise Timothy Francis Dufresne. If you would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.