Vanlohuizen is accused of unsuitable investment recommendations, among other misconduct.
The Sonn Law Group is investigating allegations that Timothy Jan Vanlohuizen made unsuitable recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Timothy Jan Vanlohuizen (CRD#: 2166867) has been named in six customer disputes since 2015, many of them alleging that he made unsuitable investment recommendations. Vanlohuizen has been registered with Sagepoint Financial since 2005.
Vanlohuizen has been named in a total of seven customer disputes over the span of his career.
February 2020 Customer Dispute
- Status: Pending
- Allegations: “Unsuitable recommendations alleged.”
- Damage Amount Requested: $100,000.00
May 2019 Customer Dispute
- Status: Pending
- Allegations: “Negligence, suitability, misrepresentation and breach of fiduciary duty claims related to alleged sales of precious metals and oil and gas investments.”
- Damage Amount Requested: $350,000.00
November 2018 Customer Dispute
- Status: Settled
- Allegations: “Customer alleges that representative poorly managed retirement account and gave poor advice as to the sustainability of the account once regular withdrawals were initiated.”
- Damage Amount Requested: $126,000.00
- Settlement Amount: $25,000.00
April 2017 Customer Dispute
- Status: Settled
- Allegations: “Customer alleged inaccurate advice was provided in 2014 in connection with a rollover of a defined benefit account.”
- Settlement Amount: $13,000.00
December 2016 Customer Dispute
- Status: Settled
- Allegations: “Alleged unsuitable investments”
- Damage Amount Requested: $275,000.00
- Settlement Amount: $114,000.00
- Broker Comment: “Firm elected to settle to avoid week-long arbitration hearing. I did not contribute at all to settlement and have always denied recommending unsuitable investments. Client understood risk inherent in investments and accepted risk for potential higher returns.”
November 2015 Customer Dispute
- Status: Denied
- Allegations: “Unsuitability. Excessive trading and churning of the account.”
- Damage Amount Requested: $165,311.00
- Broker Comment: “The miscellaneous claims are merritless and the allegations of misconduct are not borne out by the facts surrounding the trading. The customer’s claim of loss in the IRA is incorrect as the IRA realized gains of over $60,000 during the period of Sept. 2009 to May 2015. Finally, the customer’s claim of excessive trading is baseless because this was a fee-based account where the firm picked up the ticket charges. Based on the foregoing reasons the complaint was denied.”
August 1999 Customer Dispute
- Status: Award/Judgment
- Allegations: “Claimants alleged, on my advice, that she take money out of her mutual funds and loan money to another party. The loan to be secured by a deed of trust.”
- Damage Amount Requested: $225,000.00
- Settlement Amount: $44,100.00
- Broker Comment: “Arbitration board found for claimant and awarded her $30,000.00 in compensatory losses and $14,100.00 loss of profit. Award will be paid in full by 10/25/2001. NASD’s Letter of Caution states that there are no findings of securities wrongdoings or violations.”
Contact Us Today
The Sonn Law Group is currently investigating allegations that Timonthy Jan Vanlohuizen recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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