Eric Anthony Dupre is a former financial advisor with a lengthy career spanning over 26 years. During this time, he was affiliated with multiple well-known financial firms, including Ameriprise Financial Services and Raymond James & Associates. Dupre held several key securities licenses, including the Series 7, Series 3, SIE, Series 63, and Series 65. These credentials suggest a high level of industry training and knowledge, qualifying him to offer a broad range of investment products and services.
Despite these qualifications, Dupre is no longer registered with any FINRA-member firm or as an investment adviser. This change in status is particularly significant considering the regulatory and legal developments tied to his recent professional conduct.
Key Disclosure Events
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Transparency is essential in the financial services industry, and the disclosures on Dupre’s record reveal several serious concerns that investors should be aware of.
Termination from Ameriprise: In December 2023, Dupre was terminated by Ameriprise Financial Services. The firm cited a violation of company policy due to Dupre borrowing money from clients without receiving the required approvals. This action represents a direct breach of both firm protocols and broader regulatory standards. Borrowing from clients without proper documentation or authorization raises substantial concerns about fiduciary responsibility and ethical behavior.
Pending FINRA Arbitration: In May 2024, a formal arbitration case was filed against Dupre through FINRA’s dispute resolution process. The claimants allege that Dupre solicited funds for cryptocurrency investments but failed to invest the money as promised. Instead, it is alleged that the funds were diverted for other purposes. The total damages claimed exceed $3 million, and the case remains pending. Such a significant claim warrants attention, especially as it involves allegations of misrepresentation and misuse of client funds.
Previous Settlement Related to Investment Misrepresentation: Earlier in his career, while employed at a different firm, Dupre was also involved in a broader industry settlement involving auction-rate securities. Though he was not individually found liable, the incident underscores a history that includes investor disputes concerning the clarity and suitability of investment recommendations.
Additional Details & Noteworthy Points
FINRA Bar: In July 2025, FINRA issued a bar against Eric Dupre following an investigation into his conduct. The findings indicated that Dupre had borrowed over $2.2 million from clients, including a senior citizen and a married couple, without obtaining firm approval. Moreover, none of these loans had been repaid. This conduct was found to be in violation of FINRA rules concerning ethical standards and conflicts of interest. As a result, Dupre was permanently barred from associating with any member firm in any capacity.
Ongoing Client Allegations: The arbitration case involving more than $3 million in alleged misappropriated cryptocurrency funds is still active. While no final determination has been made, the size and nature of the claim make it a critical issue for current or former clients of Dupre. The case includes accusations that funds were collected under false pretenses, which, if proven, would represent a severe breach of client trust and regulatory expectations.
Pattern of Conduct: Although the earlier auction-rate securities issue did not involve a personal sanction against Dupre, the cumulative disclosures present a concerning pattern. When viewed together, the termination, arbitration, and FINRA bar suggest a trajectory of increasing regulatory scrutiny and problematic behavior.
Summary for Investors
| Area | Details |
|---|---|
| Registration | Not currently registered with any broker-dealer or investment adviser |
| Professional Credentials | Held Series 7, 3, SIE, 63, 65 licenses |
| Disclosures | Terminated for unauthorized borrowing, facing ongoing arbitration, involved in previous investment dispute |
| Regulatory Action | Barred by FINRA in 2025 for unapproved client loans |
| Investor Claim | $3 million+ arbitration concerning cryptocurrency fund misappropriation |
Investor Considerations
Investors should remain vigilant and informed when reviewing the history of any financial professional. In this case, there are several practical steps investors may consider:
- Preserve Documentation: If you worked with Dupre, gather and maintain records of communications, account statements, and transaction histories. This information can be crucial in assessing potential claims or in a legal review.
- Monitor Account Activity: Pay close attention to any unexplained or irregular activity in your accounts, especially those involving alternative investments such as cryptocurrency.
- Consult Legal Counsel: If you believe you may have been affected by Dupre’s actions, legal counsel can help evaluate your situation and determine whether a recovery through arbitration or other avenues is viable.
- Understand Investment Risks: Particularly with alternative assets like cryptocurrency, understanding the full scope of risk and whether the recommendation was suitable for your investment profile is essential.
Contact Haselkorn & Thibaut
If you were a client of Eric Dupre or have concerns regarding investment losses tied to his recommendations or conduct, it’s important to seek professional legal advice. Haselkorn & Thibaut offers a team of experienced attorneys who focus exclusively on investment fraud and financial advisor misconduct.
Call today for a free and confidential consultation: 1-888-885-7162 .
We work on a contingency fee basis, meaning you pay nothing unless we recover funds on your behalf. Our team has successfully represented investors nationwide and is prepared to help you pursue your claim.
Final Thoughts
Eric Dupre’s case highlights the importance of regulatory oversight and the need for investor vigilance. While many financial advisors operate with integrity and professionalism, instances like this remind investors to conduct thorough due diligence and remain proactive in protecting their financial interests.
The termination, pending arbitration, and FINRA bar are serious matters that raise legitimate concerns. If you suspect any wrongdoing or irregularities in your dealings with Dupre or any other advisor, do not delay in seeking help.
Contact Haselkorn & Thibaut at 1-888-885-7162 to learn your rights and options. We are here to help.
