Annuities Fraud Lawyers

Did Your Broker-Dealer Sell You Northstar Financial Services (Bermuda)? There Is Still Time To Explore Your Legal Options

Shepherd Smith Edwards and Kantas Annuities Fraud Lawyers (investorlawyers.com) represent many investors, including foreign nationals from throughout Central America, the Caribbean, and Asia, who have suffered serious investment losses in Northstar Financial Services (Bermuda). If your US broker-dealer marketed and sold you this offshore annuity, contact us today and we can schedule your free case assessment to determine whether you have grounds for a claim.

To date, our Northstar (Bermuda) clients include more than 100 investors, including many retirees, who looked to the US as a safe haven for their assets and trusted their financial advisors to make secure low-to-no-risk investment recommendations. Instead, due to poor broker recommendations, they ended up investing their savings and retirement funds in annuities issued by a company whose owner, Greg Lindberg, recently pleaded guilty to defrauding investors of $2B. Not only that but Lindberg has long been suspected of funneling funds from his numerous insurance companies to his special-purpose vehicles.

Unfortunately, many Northstar Financial Services (Bermuda) investors appear to have become the victims of unsuitable investment recommendations, misrepresentations and omissions about the risks, overconcentration, negligence, gross negligence, breach of fiduciary duty, due diligence failures, failure to supervise, and other types of broker misconduct. The reason for this may have been the high commissions and fees that brokers could earn from selling this product.

We continue to investigate the many broker-dealers and financial advisors that disregarded investors’ best interests while profiting over these annuity sales. To date, the firms who are the respondents in Northstar Financial Services (Bermuda) lawsuits we have filed on behalf of investors include:

Truist investment Services (AKA SunTrust Investment Services)
Bankoh Investment Services
Cetera Investment Services
Ocean Financial Services
Infinex Investments
Wells Fargo Clearing Services
Unionbanc Investment Services
BancWest Investment Services
Hancock Whitney investment Services
JP Morgan Securities
Raymond James
Copper Financial (Community America Financial Solutions)
Insigneo Securities

Many brokers touted Northstar (Bermuda) annuities as CD-like, safe investments by brokers. Imagine how blindsided investors were when the offshore company filed for bankruptcy protection in 2020.

Shepherd Smith Edwards and Kantas is well-versed in what went wrong with these investments and why brokerage firms should be held liable for their role in involving their customers.

The discovery that Northstar Financial Services (Bermuda) was not a good investment proposition is not some hindsight revelation. Even in 2011, Moody’s said that the outlook for Bermuda as a place to invest was not good. Also, in 2018 and 2019, Northstar (Bermuda) did not prepare and submit key financial documentation.

If you sustained serious annuity losses in Northstar Financial Services (Bermuda) it is important that you retain the services of skilled annuities fraud lawyers. If we decide to work together, you will become part of our unit of Northstar Financial Services Bermuda cases with our entire law firm representing you. By now, the legal teams for the broker-dealers that sold Northstar (Bermuda) annuities know that they must contend with us time and again and need to take our clients’ securities lawsuits seriously.

Schedule Your Free, Initial Case Consultation:

Shepherd Smith Edwards and Kantas has helped thousands of investors to obtain full or partial financial recovery from US broker-dealers and investment advisers.

In the US: (800) 259-9010

Outside the US (WhatsApp, Text only): 713-227-2400