Annuity Loss Attorneys

Another Chinese Investor Sues Cetera Over Northstar Financial Services (Bermuda) Losses. Our Annuity Loss Lawyers Continue To File Broker Fraud Lawsuits For Foreign Nationals in Asia and Latin America

Once again, the Annuity Loss Attorneys at Shepherd Smith Edwards and Kantas (investorlawyers.com) have filed an annuity fraud lawsuit against Cetera Investment Services on behalf of an international investor who suffered losses in Northstar Financial Services (Bermuda). The claimant, who is a citizen of and resides in China, is seeking up to six figures in damages.

She contends that former Cetera broker Linda Fang, who she met through East West Bank in Southern California where she had a US-based bank account, abused her trust. This Chinese investor is alleging the unsuitable investment recommendations of Northstar (Bermuda), essentially 100% concentration of a significant portion of her assets in this offshore investment, misrepresentations and omissions about the risks and certain negative facts that later came to light, and purportedly continued inaccurate reassurances that all was well even after the brokerage firm stopped marketing this financial product to clients. The claimant is accusing Cetera of gross lack of supervision.

This is not the first broker fraud lawsuit we have filed against Cetera Investment Services involving Fang, also known as Chin-Yung Linda Fang, on behalf of Northstar Financial Services (Bermuda) investors. We also have filed a number of annuity loss claims against Cetera for investors who were allegedly unsuitably recommended PB Investment Holdings, which is based in Bermuda, foo. Both insurers are now in liquidation. They are owned by US billionaire Greg Lindberg. He faces criminal and regulatory charges that accuse him of defrauding thousands of annuity policyholders.

What Should I Do If I Am a Chinese Investor Who Suffered Losses In Northstar (Bermuda)?

As a foreign national, if you suffered losses while working with Cetera or another US-based broker-dealer, you may be able to pursue damages against the firm in FINRA arbitration. Already, our skilled annuity investment loss attorneys have filed over 100 broker negligence lawsuits on behalf of investors of Lindberg-issued annuities.

With our in-depth knowledge of Northstar Financial Services (Bermuda) annuities, how they failed, and why broker-dealers should be held liable, we have become the securities law firm for investors to turn to in their fight to recoup their losses. So many of these claimants had looked to the US as a safe haven for their assets. Instead, their brokers prioritized the high commissions and fees they could earn from selling Bermuda-based annuities that lacked significant regulatory protections and were issued by Lindberg. He was long suspected of funneling funds from his insurers to special purpose vehicles even prior to his first criminal indictment in 2019.

If you contact Shepherd Smith Edwards and Kantas today to request your free, no-obligation case consultation, we can help you determine whether you have grounds for suing your broker-dealer. Should we agree to work together you will become part of our unit of Northstar (Bermuda) claims represented by our entire team of seasoned annuity fraud attorneys, legal assistants, and consultants.

More than 90% of the clients we have worked with over the years received full or partial financial recovery with our help.

How To Contact Our Seasoned Northstar Financial Services (Bermuda) Annuity Loss Attorneys

In the US: (800) 259-9010

International via WhatsApp (Text only): (713) 227-2400

You can also reach out to us online.