Shepherd Smith Edwards and Kantas Continues To Represent Northstar Financial Services (Bermuda) Investors With Brokerage Firm Arbitration Claims
Our expert Northstar Financial Services (Bermuda) Brokerage Firm Arbitration attorneys at Shepherd Smith Edwards and Kantas are continuing to investigate claims by investors seeking to recover losses they sustained in this obscure, offshore entity. Many of these claimants are retail customers and retirees. All of them are foreign nationals from Asia, Latin America, South America, or Central America who sought a safe haven for their assets in the United States. Instead, their broker-dealers unsuitably recommended Northstar (Bermuda) products, which lack the kinds of protections that come with US-based investments.
Broker Negligence May Have Caused Investors From All Over The World To Be Unsuitably Recommended Northstar (Bermuda) Products
Unfortunately, the lure of high commissions and other fees may have been more the motivation, rather than their customers’ best interests, for why many brokerage firms all over the United States marketed and sold Northstar Financial Services (Bermuda) products, such as:
- Global Advantage
- Global Advantage III, V
- Global Advantage Select
- Global Interest Accumulator
- Global Investment Plan
- Global Index Protect
- Global Variable Annuity
- Global VIP
- Global VIP Elite
- Met Group Variable Deferred Annuity
- Met Global Asset Portfolio
- Met Universal Life
- Met Variable Universal Life
Many Northstar Financial Services (Bermuda) investors are claiming that they were never fully apprised of the risks, including that in the last few years this offshore investment insurance company was having financial problems.
This included the indictment and conviction of billionaire and Global Bankers head Greg Lindberg, who acquired Northsar (Bermuda) in 2018. He is known for funneling funds from his annuity and insurance companies toward special purpose vehicles that he also owns. Visit Northstar Financial Services (Bermuda) to find out more.
How Can You Pursue Damages For Brokerage Firm Negligence Related To Your Northstar (Bermuda) Losses?
In late 2020, Northstar Financial Services (Bermuda) filed for bankruptcy protection. The company also reported a $260M deficit with just $8M in assets. Regardless of how liquidations proceedings go, it is unlikely that Northstar (Bermuda) investors can expect to obtain full financial recovery through this type of legal channel.
Instead, your best bet as someone who has suffered Northstar Financial Services (Bermuda) investment losses is to file a brokerage firm arbitration claim through Financial Industry Regulatory Authority (FINRA). With your FINRA lawsuit, you may be able to pursue damages from your broker-dealer that may have allegedly:
- Unsuitable recommended Northstar (Bermuda) to you despite your conservative investing goals and low-risk tolerance level.
- Misrepresented the risks involved in investing in offshore products.
- Committed some other type of broker negligence or fraud.
Filing your own individual claim with experienced brokerage firm arbitration lawyers by your side will only increase your chances for a full financial recovery.
For over 30 years, we have fought for investors, collectively recovering many millions of dollars for thousands of clients. Already, our seasoned brokerage firm negligence attorneys at Shepherd Smith Edwards and Kantas are representing dozens of investors, who have suffered Northstar Financial Services (Bermuda) losses, against broker-dealers in FINRA arbitration.
Why Should You File Your Northstar (Bermuda) Claim Alleging Broker Misconduct Through FINRA Arbitration Rather than The Courts?
When you agreed to work with your brokerage firm, you very likely signed an agreement in which you consented to resolve any disputes with your broker-dealer and their registered representatives through arbitration and not in litigation. FINRA arbitration is where your claim can be filed. All rulings by the arbitration panel are final.
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