Are you interested in learning recovery losses options due to investments with Sagepoint Financial, Inc. broker Timothy Vanlohuizen (CRD# 2166867)? He was registered with Sagepoint Financial, Inc. in Coeur D’Alene, Idaho, from 2005 to 2023, and Osaic Wealth, Inc. in Coeur D’Alene, Idaho, from September to October 2023.
Timothy Vanlohuizen Customer Complaints
He has been the subject of 12 customer complaints between 1999 and 2023, one of which was denied, according to his CRD report. Recent complaints are regarding:
December 2023. “Claimant alleges unsuitable investments and overconcentration within various managed accounts.” The customer sought $100,001 in damages, and the case was settled for $16,893.23. The complaint was regarding managed accounts, and it took place while he was registered with Sagepoint Financial, Inc.
December 2023. “Customers allege that the recommended investments were unsuitable, and that the investment allocation involved an excessive amount of risk.” The customer sought $227,168 in damages, and the case was settled for $125,000. The complaint was regarding common and preferred stocks, and it took place while he was registered with Sagepoint Financial, Inc.
November 2023. “Client alleged that financial professional misrepresented investment strategy.” The customer sought $5,000 in damages, and the case was settled for $25,000. The complaint was regarding common and preferred stocks, mutual funds, and exchange-traded funds, and it took place while he was registered with Sagepoint Financial, Inc.
October 2020. “Claimant alleges unsuitable and overly aggressive investments were recommended.” The customer sought $350,000 in damages, and the case was settled for $105,000. The complaint was regarding mutual funds, and it took place while he was registered with Sagepoint Financial, Inc.
September 2020. “Customers allege that representative poorly managed their accounts and placed trades in opposition to their stated instructions.” The customer sought $9,976 in damages, and the case was settled for $9,975.90. The complaint was regarding oil and gas losses, and it took place while he was registered with Sagepoint Financial, Inc.
February 2020. “Unsuitable recommendations alleged.” The customer sought $100,000 in damages, and the case was settled for $83,500. The complaint was regarding oil and gas investments, and it took place while he was registered with Sagepoint Financial, Inc.
May 2019. “Negligence, suitability, misrepresentation and breach of fiduciary duty claims related to alleged sales of precious metals and oil and gas investments.” The customer sought $350,000 in damages, and the case was settled for $90,000. The complaint took place while he was registered with SagePoint Financial, Inc., and was regarding oil and gas investments and mutual funds.
November 2018. “Customer alleges that representative poorly managed retirement account and gave poor advice as to the sustainability of the account once regular withdrawals were initiated.” The customer sought $126,000 in damages, and the case was settled for $25,000. The complaint took place while he was registered with SagePoint Financial, Inc., and was regarding common and preferred stocks, mutual funds, and investment advisory accounts.
April 2017. “Customer alleged inaccurate advice was provided in 2014 in connection with a rollover of a defined benefit account.” The case was settled for $13,000. The complaint took place while he was registered with SagePoint Financial, Inc.
December 2016. “Alleged unsuitable investments.” The customer sought $275,000 in damages, and the case was settled for $114,000. The complaint took place while he was registered with SagePoint Financial, Inc., and was regarding direct investments, high-yield bonds, and various energy investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sagepoint Financial, Inc. may be liable for investment or other losses suffered by Timothy Vanlohuizen’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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