Did You Suffer Serious Investment Losses While Working With Former Ameriprise Broker Eric Dupre?
Shepherd Smith Edwards and Kantas Is Investigating This ex-San Antonio, TX, Financial Advisor Over Fraud Allegations, Including Elder Financial Abuse
If you are an investor who suffered suspect portfolio losses while working with then-Ameriprise registered representative Eric Anthony Dupre, please contact our Texas securities law firm of Shepherd Smith Edwards and Kantas (investorlawyers.com) today. We can help you assess whether you have grounds for an investment loss recovery claim.
Dupre was arrested and criminally charged with multiple counts that included theft, misappropriation, and financial abuse of the elderly. In the investment loss recovery case brought by the couple against Ameriprise, Dupre, and Dupre Financial Group, a Financial Industry Regulatory Authority (FINRA) panel ordered Dupre to pay almost $2.2M in damages: $1.1M to Ameriprise and almost $1.1M to the Claimants. These investors had alleged unsuitability, elder financial abuse, broker theft, conversion, and negligent supervision.
In July 2025, FINRA barred Dupre after finding he had borrowed money from customers, including almost $2.2M from two customers without getting Ameriprise’s approval and at least $2.1M through loans from another customer. He also borrowed $65K from another customer that he has since paid back. One of the customers who borrowed the funds lent it to him on margin from his account and, as a result, sustained margin debt. The self-regulatory organization (SRO) said that Dupre was having financial problems.
Ameriprise fired Dupre in 2023.
Representing Texas Investors Against Brokers and Investment Advisers
Since 1995, Shepherd Smith Edwards and Kantas has been representing investors throughout the Lone Star State. Our team of seasoned Texas securities attorneys, legal assistants, consultants, and others has a combined over 100 years in securities law and the securities industry. We have helped thousands of investors to secure a combined many millions of dollars in arbitration, mediation, and litigation.
Elder Financial Abuse Is A Serious Problem in The Brokerage Industry
When people hear the term elder financial abuse they don’t normally associate it with financial professionals causing this type of harm. Unfortunately, there are brokers and investment advisers out there that will try to take advantage of their professional relationship with older investors, including those with cognitive impairments and other health issues, and defraud them of their money.
When this happens, a bad broker can be subject to criminal charges. Victims and their families may also be able to sue for damages. To do this, you will need seasoned Texas elder financial abuse lawyers by your side.
Contact our Texas Broker Fraud Law Firm
Call our Texas Broker Fraud Law Firm at (800) 259-9010 or fill out this online form to schedule your free case assessment.