Steven J. Vander Velde (Frisco, TX): Private Client Services Broker Review and Ongoing Investigation
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Haselkorn & Thibaut, a national law firm focused on investment fraud, has initiated an independent investigation into Steven J. Vander Velde, a Frisco, TX-based financial advisor currently employed by Private Client Services, LLC. If you are an investor concerned about your account or financial losses involving Steven J. Vander Velde, you may be eligible to pursue recovery through FINRA arbitration with Haselkorn & Thibaut—call 1-888-994-8066 for a free and confidential consultation.
Who Is Steven J. Vander Velde?
Steven J. Vander Velde (CRD #5493806) is a registered broker and investment adviser representative based in Frisco, Texas. Presently, he is affiliated with Private Client Services, LLC and acts as an Investment Adviser Representative with Prime Capital Investment Advisors, LLC.
| Field | Details |
|---|---|
| Name | Steven J. Vander Velde (also known as Steven Vandervelde) |
| Current Firm | Private Client Services, LLC (since 2018), Frisco, TX |
| Adviser Affiliation | Prime Capital Investment Advisors, LLC (since 2017) |
| Prior Firms |
Cambridge Investment Research, Inc. (2011–2018) Lawing Financial Inc. (2011–2017) AXA Advisors, LLC (2008–2011) |
| CRD Number | 5493806 |
Other Business Roles: Steven J. Vander Velde also holds leadership or membership positions at Vandervelde Financial, Inc., is an insurance agent with Prevail Innovative Wealth Strategies, and participates in various local and community organizations.
Complaints and Legal Disclosures: What Investors Should Know
One of the most important steps you can take as an investor is to review your broker’s professional record. According to publicly available records, Steven J. Vander Velde has the following disclosure:
-
2021 FINRA Arbitration (Alternative Investments – REITs): In August 2021, a customer filed a FINRA arbitration against Mr. Vander Velde (while at Cambridge Investment Research, Inc.), alleging unsuitable recommendations of high-risk alternative investments, specifically real estate securities. The client maintained these products were not aligned with their investment profile and level of risk tolerance.
- The case settled in February 2022 for $25,000 (Case No. 21-02141), with no admission of wrongdoing.
Why does this matter? Unsuitable investment recommendations are a common cause of investor losses and central to FINRA’s investor protection rules (FINRA Rule 2111—Suitability and, after June 30, 2020, SEC Regulation Best Interest).
You can independently check the latest update on Steven J. Vander Velde’s records using FINRA BrokerCheck by entering his name or CRD number (5493806).
Understanding the Red Flags: What to Watch Out For
- Recommendation of High-Risk Alternative Investments: Products such as non-traded REITs or other alternatives tend to be illiquid, carry higher fees, are less regulated, and are generally considered riskier than stocks or bonds.
- Unsuitability: Recommending assets that do not fit a client’s needs or financial goals puts the investor at risk—and can form the basis for legal recovery.
- Settlement Without Admission: While arbitration settlements do not establish wrongdoing, they do signal that there was a customer dispute substantial enough to warrant negotiated compensation.
If you are an investor who purchased alternative or high-risk investments on Mr. Vander Velde’s recommendation, or if you believe your investments were not suitable for your risk tolerance or objectives, you may have grounds to recover losses.
Summary of Steven J. Vander Velde’s Complaint Record
| Date | Issue | Product Type | Resolution |
|---|---|---|---|
| Aug 2021–Feb 2022 | Alleged unsuitable recommendations of high-risk alternative investments (REIT) | Real Estate Security | Settled for $25,000 (no admission of liability) |
No additional customer complaints, regulatory actions, or disciplinary proceedings are reflected in the public record as of the latest available updates.
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is a national law firm dedicated to helping investors recover losses caused by the actions of financial advisors or broker-dealers. With over 50 years of combined experience, a 98% success rate, and millions recovered for clients, their attorneys can efficiently review your account documents, new client forms, investment statements, and communications to determine potential claims.
- Free Case Review: Every inquiry receives a no-cost, thorough consultation.
- No Recovery, No Fee: You pay nothing unless a recovery is made for you.
- FINRA Arbitration Experts: Proven experience in handling claims involving unsuitable and high-risk alternative investments against major brokerage firms.
Concerned About Your Account? Take These Steps:
- Gather Your Paperwork: Collect account statements, new account forms, and any communications regarding your investments.
- Contact Haselkorn & Thibaut: Call 1-888-994-8066 for a confidential, free consultation with an experienced investment fraud attorney.
- Know Your Rights: Investors have the right to pursue compensation for unsuitable recommendations and other forms of broker misconduct through FINRA arbitration.
Conclusion: Protecting Your Financial Future
If you invested with Steven J. Vander Velde of Private Client Services, LLC, and are concerned about losses—especially in high-risk alternative investments—take action now. Whether you have noticed unexplained losses or simply want reassurance that your interests are protected, the team at Haselkorn & Thibaut is available to review your concerns and help you understand your options.
Call 1-888-994-8066 for your free case evaluation. There is no obligation—only experienced guidance for investors seeking answers and potential recovery.
Your financial security matters—act today.
