Last Updated: December 2023 (Winter Park, FL )
Philip Van Staden Investigation Summary
Here’s what you need to know about Winter Park, FL, stockbroker Philip Van Staden:
- Name: Mr. Philippus T. Van Staden
- Current Employer: Green Vista Capital
- DBA: True North Resources, Green Vista Asset Management, TNR Fund Manager, True North Development Fund, True Vision Development Fund, Vision 63 LLC, Riviera Development Fund
- Previous Firms: The Strategic Financial Alliance, G.A. Repple & Company
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Philip Van Staden
- Primary Location: Winter Park, Florida
- CRD 4489166
- Can Philip Van Staden be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $150,000
- Three Pending Customer Disputes Seek Damages of $2.4 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Philip Van Staden As Your Stockbroker?
A customer of Green Vista Capital and a customer of The Strategic Financial Alliance filed FINRA arbitrations alleging that Philip Van Staden misrepresented conservation easement investments that they did not understand. Settlements of $90,000 and $150,000 were obtained in resolution of those claims.
Currently there are three pending claims by customers of Green Vista Capital which seek cumulative damages of $2.4 million. Claims allege that Van Standen violated state statutes and made misrepresentations in connection with sales of private placements and conservation easement investments.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Philip Van Staden
Customers of Philip Van Staden have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Conservation Easement Investments
- Violations of the Florida Securities and Investor Protection Act
- Aiding and abetting violation of the Florida Securities and Investor Protection Act
- Rescission
- Breach of Fiduciary Duty
- Aiding and abetting a fraud
- Violation of FINRA rules
- Negligent supervision
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
If you have suffered investment losses in an account handled by Philip Van Staden, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
