For Northstar Financial Services (Bermuda) Investors The Time To Act Is Now
Our Seasoned Annuity Investor Loss Attorneys May Be Able To Help You Go After Your Broker
Nearly two and a half years after Northstar Financial Services (Bermuda) filed for bankruptcy protection, there has been no significant progress in liquidation proceedings. If you are someone who invested in an annuity or annuity-like product from this offshore entity and suffered significant losses, the time to act is now.
To start, you may want to explore other legal options rather than waiting for this legal process in which there is no guarantee you will recover much, if anything, at all. Not only that but who knows if and when that would be?
At Shepherd Smith Edwards and Kantas (investorlawyers.com) we are offering free no obligation case assessments to Northstar (Bermuda) investors. We have been investigating this insurer for some time now along with the many brokerage firms that sold Northstar Financial Services (Bermuda) annuities.
To date, we have filed over 100 broker negligence lawsuits for investors seeking financial recovery for their losses. Many of our clients are retirees, seniors, conservative, investors, and inexperienced investors, including foreign nationals from China, Japan, and Latin America. They all trusted a US-based brokerage firm to keep their money safe.
Why Should You Sue Your Broker-Dealer Over Your Northstar (Bermuda) Losses?
Brokerage firms and their financial advisors have an obligation to refrain from recommending any type of financial product or security that is too risky for a customer or unsuitable given their financial goals, age, or other criteria. The majority of investors who were persuaded to invest in a Northstar Financial Services (Bermuda) annuity were international investors wanting to take on little-to-no risk and had sought a safe haven for their assets. Instead, they have now lost what for many was their life savings.
Not only that but Northstar (Bermuda) is an offshore entity owned by Greg Lindberg, who is accused of defrauding tens of thousands of annuity investors. The North Carolina billionaire has long been suspected of funneling funds from his insurers to his special purpose vehicles and he has already been to jail once. Lindberg is currently facing more criminal and regulatory charges.
Seeing as brokers must conduct the proper due diligence before recommending investments to customers—and that thousands of these annuity investors, including many older retirees, are now grappling with life-altering losses—you may be able to hold your financial advisor liable if they made unsuitable investment recommendations, misrepresentations, and omissions, overconcentrated your account, or were negligent in their marketing and sale of Northstar Financial Services (Bermuda) products to you.
Also, it is important to note that broker-dealers earned high commissions and fees from selling Northstar (Bermuda) to customers. This may have been a conflict that compelled them to ignore whether this offshore investment was, in fact, in these investors’ best interests.
Why Work With Our Skilled Northstar Financial Services (Bermuda) Annuity Investor Loss Attorneys?
There is a lot to learn about the inner workings of any investment. Representing more than 100 Northstar (Bermuda) annuity investors, Shepherd Smith Edwards and Kantas are extremely knowledgeable in the nuances of why this particular product failed. Not only that, but we are already suing many of the brokerage firms that we believe should be held liable.
Because of this, we are often dealing with the same opposing counsel that by now knows we are a formidable securities law firm that will not be easily intimidated. We have the manpower, resources, and experience to fight for our clients against even the largest Wall Street firms.
As a Northstar Financial Services (Bermuda) investor, should we agree to work together, you will benefit from all of our good discoveries and familiarity with how broker negligence and misconduct contributed to your losses. You also will receive personalized, quality securities law representation from our entire team of savvy attorneys, legal assistants, consultants, and others.
With over 30 years of fighting for investors, our dedicated broker misconduct attorneys have helped thousands to collectively recover many millions of dollars through arbitration, mediation, and litigation.
How To Contact Our Team of Annuity Investor Loss Attorneys:
In the US: (800) 259-9010
International (WhatsApp – Text Only): (713) 227-2400
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