The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Sidney Dufresne. According to his publicly available FINRA BrokerCheck report, Sidney Dufresne has been the subject of a FINRA sanction.

Sidney Dufresne is a Louisiana based securities broker. He has worked in the securities industry for twenty-five years. During his career, he has been registered with five different securities firms.

His Registrations

  • Marquis Investments (1994-1995)
  • John Hancock Mutual Life Insurance Company (1995-1997)
  • Signator Investors (1995-2017)
  • Dorsey & Company (2017)
  • Regulus Advisors (2017-Present)

The Allegations

Sidney Dufresne was officially sanctioned by FINRA in October 2018. The findings in this matter state that he sold more than $1.6 million in unapproved fixed indexed annuities to five investors–two of which were customers at his member firm. Due to these alleged transactions, Dufresne earned more than $114,000 in commissions. Dufresne’s firm specifically forbade the sale of fixed indexed annuities as an outside business activity. Due to these alleged actions, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of three months.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Sidney Dufresne, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.