Tag Archives: SagePoint Financial

Sagepoint Fined By FINRA For Failure To Supervise

January 26, 2018  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Sagepoint Financial, Inc., a brokerage firm headquartered in Phoenix, Arizona, has been censured and fined $75,000.00 by Financial Industry Regulatory Authority (FINRA) by consenting to findings that the firm failed to apply sales charge waivers on customers’ purchases of mutual funds when customers were eligible, and failed to supervise the application of sales charge waivers. […]

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Sagepoint Financial Customer Claims Misrepresentation

July 28, 2017  |   Posted by :   |   Non-traded REITs   |   0 Comments

Mark James Sudol, of Gardena, California, is the subject of a customer initiated investment related arbitration claim on May 1, 2017, wherein the customer sought $500,000.00 in damages based upon allegations that Sudol breached his fiduciary duties, effected transactions in the customer’s account that were not suitable, negligently managed the customer’s portfolio, and made misrepresentations […]

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Sagepoint Financial Named in Stockbroker Unsuitability Arbitration Claim

September 16, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Dean T. Nicholson, of Summerfield, Florida, recently settled a customer dispute on June 27, 2016, in which the customer received $18,000.00 in damages after alleging that Nicholson engaged in the sale of unsuitable investments. On March 1, 2016, Nicholson was named in a customer dispute in which the customers requested $35,000.00 in damages after alleging […]

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SagePoint Financial Broker Barred For Stealing

Timothy Francis Dufresne, of Bamberg, South Carolina, a stockbroker with SagePoint Financial, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016049412601 (Apr. 8, 2016). According to the AWC, between October […]

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