Timothy Jan Vanlohuizen (also known as Tim Vanlohuizen), of Coeur d’Alene, Idaho, a stockbroker registered with SagePoint Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,001.00 in damages based upon allegations that Vanlohuizen made unsuitable investment recommendations and overconcentrated the customer’s account when Vanlohuizen was associated with SagePoint Financial Inc. FINRA Arbitration No. 23-03629 (December 26, 2023).
FINRA Public Disclosure shows that Vanlohuizen is referenced in eleven (11) other investor disputes concerning Vanlohuizen’s conduct while associated with securities broker dealers. On October 20, 2020, a customer initiated investment related FINRA securities arbitration claim involving Vanlohuizen’s conduct was settled for $83,500.00 in damages based upon allegations that Vanlohuizen made the unsuitable investment recommendation of oil and gas investments. FINRA Arbitration No. 20-00398.
On December 15, 2020, a customer initiated investment related complaint involving Vanlohuizen’s conduct was settled for $9,975.90 in damages based upon allegations that Vanlohuizen poorly managed their accounts and failed to follow their instructions in connection with the sale of alternative investments.
On November 8, 2021, a securities arbitration claim involving Vanlohuizen’s conduct was settled for $90,000.00 in damages based upon allegations that Vanlohuizen breached fiduciary duties, made misrepresentations of material fact, made unsuitable recommendations, and was negligent in connection with the sale of mutual funds when Vanlohuizen was associated with SagePoint Financial Inc. FINRA Arbitration No. 19-01499.
On March 8, 2022, a different securities arbitration claim involving Vanlohuizen’s conduct was settled for $105,000.00 in damages based upon allegations that Vanlohuizen provided unsuitable advice to the customer about mutual funds. FINRA Arbitration No. 20-03556.
On February 2, 2024, a customer complaint involving Vanlohuizen’s conduct was settled for $25,000.00 in damages based upon allegations that Vanlohuizen misrepresented an investment strategy involving the sale of exchange traded funds, mutual funds, and stocks during the period that Vanlohuizen was associated with SagePoint Financial Inc. Also, on April 24, 2024, a customer complaint involving Vanlohuizen’s conduct was settled for $125,000.00 in damages based upon allegations that Vanlohuizen made the unsuitable investment recommendation of stocks.
Vanlohuizen was associated with SagePoint Financial Inc. in Coeur d’Alene, Idaho from October 31, 2005, to September 1, 2023.
