Investor Lawsuit Investigation – Eric Dupre
The White Law Group is investigating potential securities claims involving former financial advisor Eric Dupre (CRD#: 2174456) after allegations of misappropriation of over $2.6 million from clients while registered with Ameriprise Financial Services in San Antonio, Texas.
Allegations of Fraud and Misappropriation
According to FINRA BrokerCheck, Dupre was discharged from Ameriprise in December 2023 for allegedly violating firm policy related to borrowing from clients. Just months later, in May 2024, a customer dispute was filed alleging that Dupre recommended a cryptocurrency “opportunity” but instead stole the investors’ money.
The pending customer complaint alleges Dupre misappropriated over $2.6 million intended for investment, with a total requested damage amount of $3,011,476. Dupre has also previously settled a separate customer complaint for $75,000 related to alleged misrepresentation of auction rate securities between 2007 and 2008.
Risk to Investors
Investors who worked with Dupre may have been exposed to serious misconduct, including:
- Unauthorized use of client funds
- Fraudulent cryptocurrency schemes
- Borrowing from clients without proper disclosures
- Misrepresentations regarding investment products
These are serious violations that could result in substantial financial harm, especially for investors seeking conservative or income-generating portfolios.
Recovery Options for Investors
If you suffered losses while investing with Eric Dupre, you may be able to recover damages through FINRA arbitration, a dispute resolution process designed specifically for resolving claims between investors and brokerage firms.
FINRA Arbitration vs. Class Action Lawsuits
Unlike a class action, FINRA arbitration is typically a faster, more private process focused on your specific case. Investors often recover more in arbitration than they might in a class action involving broader claims.
Free Consultation with a Securities Attorney
The White Law Group has represented thousands of investors in FINRA arbitration claims for over 20 years. If you invested with Eric Dupre or suspect you were a victim of investment fraud, contact our offices at (888) 637-5510 or visit https://whitesecuritieslaw.com/ for a free, confidential consultation.
Frequently Asked Questions – Eric Dupre
What are the allegations involving Eric Dupre?
Dupre is accused of misappropriating over $2.6 million from clients by falsely representing a cryptocurrency investment opportunity. He was also terminated by Ameriprise for borrowing from clients in violation of firm policy.
Can I recover losses if I invested with Eric Dupre?
Yes. Investors who lost money due to misappropriation or fraudulent investment advice may be able to recover funds through FINRA arbitration.
How does FINRA arbitration differ from a class action?
FINRA arbitration is a private process tailored to individual claims and typically resolves faster than class actions. It may result in higher recovery amounts for victims of securities fraud
Last modified: July 21, 2025
