FINRA Arbitration Panels Award Damages To UBS YES Claimants Two Financial Industry Regulatory Authority (FINRA) panels have ordered UBS Wealth Management (UBS) to pay investors over $1.1 million for losses they sustained from the firm’s Yield Enhancement Strategy (YES). This complex options trading strategy that promised investors stable, incremental returns…
Miami Financial Advisor Accused of Making Unsuitable Recommendation in Northstar Global Advantage Select Products A customer of ex-Raymond James Financial Services stockbroker Alberto Valdes has filed a six-figure FINRA claim seeking damages for investment losses sustained in Northstar Financial Services (Bermuda), an off-shore entity that is now in liquidation. Valdes,…
Northstar Bermuda FINRA Arbitration Hearing to Take Place in Houston, Texas A couple who live in Mexico has filed a FINRA arbitration claim against Wells Fargo Clearing Services for the six-figure loss they sustained from investing in Northstar Financial Services (Bermuda). The claimants were longtime Wells Fargo Bank clients and…
Former San Francisco Financial Advisor Costs Investors Over $62 million Our FINRA arbitration lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are continuing to investigate investors’ claims of losses sustained while working with ex-J.P. Morgan Securities LLC broker, Edward Lawrence Turley. Already, SSEK Law Firm has…
FINRA Arbitration Hearing Will Take Place in Boca Raton, Florida An elderly Venezuelan investor is seeking six figures in damages from Truist Investment Services (aka SunTrust Investment Services) over losses he suffered in Northstar Financial Services (Bermuda). The claimant contends that the firm overconcentrated his account by heavily investing his…
Customer’s FINRA Arbitration Hearing Seeking Up to $500K Will Take Place in Los Angeles Our broker fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) have filed a FINRA arbitration claim against Cetera Investment Services. A very elderly Chinese widow who entrusted the firm to keep…
Former Georgia Financial Advisor Allegedly Ran Ponzi Scheme Through Southport Capital On August 20, 2021, the Securities and Exchange Commission (SEC) filed an emergency action seeking to stop a $110 million Ponzi scheme allegedly operated by ex-Oppenheimer stockbroker, John Justin Woods. The fraud, involving Horizon Private Equity III, LLC was…
Financial Independence President & Ex-Dallas, Texas Financial Advisor Was Barred by FINRA Dana Bruce Vietor, a former CFD Investment Services registered representative is under scrutiny following multiple allegations of broker misconduct that have led to customer losses. The latest still pending claims were brought by investors seeking to collectively recover…
Similar Determination Made in Wind Up Proceedings for Old Mutual (Bermuda) Bermuda’s Chief Justice Narinder Hargun and Joint Provisional Liquidators (JPLs) are in agreement that representatives will be appointed for every creditor class in the liquidation proceedings for both Northstar Financial Services (Bermuda), Ltd. and Omnia, Ltd., which was formerly…
Civil Lawsuit is Latest Legal Trouble For Convicted Businessman, Greg Lindberg Greg Lindberg, the owner of Northstar Financial Services (Bermuda), is the defendant in a lawsuit in which the plaintiff is demanding that he pay $524M to honor an agreement between two insurers. These insurers are PB Life and Annuity…