Claimant Alleges Unsuitable Offshore Investment Led to Significant Losses An investor who lives in Trinidad and Tobago has filed an arbitration claim against Truist Investment Services over losses he sustained in Northstar Financial Services (Bermuda). The claimant seeks up to six figures in damages. His broker allegedly advised him to…
More Claimants Accuse Broker Yoko Farias of Overconcentration In Obscure, Offshore Investment An older couple from Japan has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim requesting between $500K and $1M in financial recovery over losses sustained in Northstar Financial Services (Bermuda). The respondents are Bankoh Investment Services and…
Japanese Couple Files FINRA Arbitration Case for Up to $500K in Damages Two older investors from Japan have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Bankoh Investment Services and its broker Yoko K. Farias in Honolulu, Hawaii, over Northstar Financial Services (Bermuda) losses. This offshore entity is…
Global VIP and Global Advantage Select Were Unsuitable For Claimants Two older investors from Venezuela have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Ocean Financial Services over losses they sustained in Northstar Financial Services (Bermuda). They are requesting about $385K, plus interests and costs, after the broker-dealer…
Latin American Investor Pursuing Up to $500K in Northstar Financial Services (Bermuda) Damages An older Latin American investor who was unsuitably recommended and sold a Northstar Financial Services (Bermuda) product is requesting up to $500K in damages from Ocean Financial Services. The claimant, who initially just had accounts at Ocean…
Senior Investor’s Funds Were 100% Concentrated in Risky Offshore Investment Our Northstar Financial Services (Bermuda) investment lawyers have filed yet another FINRA arbitration claim against J.P. Morgan Securities, LLC (JPMS) over losses suffered by a foreign national. The claimant is a nun and elderly investor from Mexico who entrusted her…
Beechwood Bermuda Investor Was Unsuitably Recommended Non-Traded REIT Healthcare Trust Another Chinese investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Cetera Investment Services over losses suffered in Beechwood Bermuda (a Northstar Financial Services (Bermuda)-related product). This investor also suffered investment losses in the non-traded real estate…
Several East West Bank Customers Worked With Cetera Broker Linda Fang Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is continuing to investigate claims of losses involving East West Bank customers who invested in Northstar Financial Services (Bermuda) products. East West Bank had signed a partnership agreement with…
Joint Provisional Liquidators & Deloitte Updates Credit Holders and Policyholders On February 23, 2022, Rachelle Frisby, the Deloitte Financial Advisory head in Bermuda and the British Virgin Islands, sent a letter to creditors and policyholders updating them about the liquidation proceedings involving Northstar Financial Services (Bermuda) and Omnia, Ltd. (formerly…
Japanese Investor is Requesting Up to $500K in Damages Another investor in Japan has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Bankoh Investment Services over her Northstar Financial Services (Bermuda) losses. This time, the claimant is a small business owner who lives in Tokyo but who had…