Lennard Cuno Van Der Feltz, of Tempe, Arizona, a stockbroker registered with United Planners’ Financial Services of America, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $225,000.00 in damages based upon alleged breach of fiduciary duty, negligent supervision, breach of contract, common law fraud, violation of Arizona Securities Act, and unsuitable recommendations in alternative investments when Van Der Feltz was associated with United Planners’ Financial Services of America. FINRA Arbitration No. 21-01325 (February 28, 2022).
FINRA Public Disclosure shows that Van Der Feltz is referenced in four other investor disputes concerning Van Der Feltz’s conduct while associated with securities broker dealers. On November 19, 2007, a customer filed an investment related complaint involving Van Der Feltz’s conduct in which the customer requested $8,000.00 in damages based upon allegations that Van Der Feltz gave unsuitable advice about a variable settlement option in an individual retirement account during the time that Van Der Feltz was associated with Thrivent Investment Management. The securities broker dealer denied this complaint.
On April 26, 2010, another customer filed an investment related complaint involving Van Der Feltz’s conduct in which the customer requested $38,420.00 in damages based on allegations that Van Der Feltz made the unsuitable recommendation of life insurance products when Van Der Feltz was associated with Thrivent Investment Management Inc. This complaint was closed without the customer taking further action.
Van Der Feltz was also referenced in a customer complaint filed on December 21, 2014, in which the customer requested damages based upon allegations that Van Der Feltz recommended unsuitable life insurance products during the period that Van Der Feltz was associated with MetLife Securities. The securities broker dealer denied this complaint.
On February 28, 2022, a customer initiated a securities arbitration claim involving Van Der Feltz’s conduct, which was settled for $225,000.00 in damages based upon allegations that Van Der Feltz violated the Arizona Securities Act, breached his fiduciary duties to the customer, breached a contract, committed fraud, and made the unsuitable investment recommendation of alternative investments when Van Der Feltz was associated with United Planners’ Financial Services of America. FINRA Arbitration No. 21-01324.
Van Der Feltz has been associated with United Planners’ Financial Services of America in Tempe, Arizona since February 4, 2015. He has been associated with Seros Financial LLC in Tempe, Arizona since July 26, 2017.
