How Can I Sue My US-Based Broker Over My Beechwood Bermuda Losses?
Our Investor Fraud Loss Law Firm Represent Foreign Nationals In Suing Their Broker-Dealers
If you are an investor who suffered losses in Beechwood Bermuda (formerly PB Life and Old Mutual (Bermuda) and now Beechwood (Omnia)), Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you explore your legal options. To date, our broker fraud law firm has filed over 100 broker misconduct lawsuits against the many US-based brokerage firms that allegedly unsuitably marketed and sold annuities in Northstar Financial Services (Bermuda), PB Investment Holdings, PB Life and Annuity, Colorado Bankers Life Insurance, and the other insurers owned by beleaguered billionaire Greg Lindberg to customers. Beechwood Bermuda is a Northstar (Bermuda) division.
Many of these investors who suffered serious financial harm are foreign nationals from Asia and Latin America who opted to invest their funds through a US broker-dealer. This includes a Chinese citizen who is now suing Cetera Investment Services and their former broker Hui Zhang. In her broker fraud lawsuit, the claimant is seeking up to six figures in damages.
This Chinese investor met Zhang through the East West Bank. Cetera has a third-party agreement to act as the brokerage firm for the bank’s customers. Zhang worked out of the Cetera offices at one of East West branches in Los Angeles County.
In her broker fraud lawsuit, which we filed in Financial Industry Regulatory Authority (FINRA) arbitration on her behalf, this investor is accusing Cetera of abusing her trust by allegedly overconcentrating a significant amount of her assets in Beechwood Bermuda, which like the other Lindberg entities in Bermuda, is now defunct. She is also accusing her Cetera broker of misrepresentations and omissions and of making unsuitable investment recommendations in a high-risk, little-protected investment when she had specifically sought a safe haven for her funds. She was purportedly promised safe returns with minimal risk.
Meantime, owner Greg Lindberg is awaiting a retrial on previous criminal fraud charges and a new trial over more recent charges accusing him of defrauding annuity investors of over $2B.
This is just one of the many investment loss recovery claims we have filed against Cetera and its brokers over losses involving Northstar (Bermuda) and/or Beachwood.
How Can Our Savvy Beechwood Bermuda Loss Law Firm Help?
During your free, no-obligation case assessment with Shepherd Smith Edwards and Kantas, we can help you determine whether you have grounds for a broker-dealer negligence lawsuit for damages. Unfortunately, even though many US brokerage firms knew of owner Lindberg’s reputation for allegedly funneling funds from his insurance companies to his special purpose vehicles—including about his first criminal indictment in 2019—they did not act immediately to remove investors’ money. Instead, they purportedly continued to assure customers that all was well, which has now led to serious losses to their portfolio and savings.
Should we agree to work together, our seasoned Beechwood Bermuda fraud lawyers will conduct a thorough investigation into your losses and represent you and your claim in FINRA arbitration. You will have our entire securities law firm representing you.
More than 90% of our clients have received full or partial financial recovery with our help.
How To Contact our Beechwood Bermuda Investor Fraud Loss Law Firm
You do not have to be a US citizen to sue the US broker-dealer whose alleged misconduct or negligence was a cause of your investment losses.
In the US: (800) 259-9010
International via WhatsApp (text only): (713) 227-2400