Northstar Financial Services

Investment Fraud Attorneys

Published on: February 28, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Are You a Latin America Retiree Who Suffered Northstar Financial Services (Bermuda) Investor Losses?

Our Northstar (Bermuda) Lawyers Represent International Investors Against US-Based Brokerage Firms

Whether you are a Latin American investor who is a US resident or one who lives abroad if your brokerage firm unsuitably recommended and sold you Northstar Financial Services (Bermuda) products, Shepherd Smith Edwards and Kantas (investorlawyers.com) may be able to help. For over two years, we have been going after the broker-dealers and their registered representatives that marketed and sold Northstar (Bermuda) annuities and annuity-like investments to foreign nationals.

Annuity Investment Loss Attorneys

Published on: February 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

An Update for Northstar Financial Services (Bermuda) Investors

Our Trusted Annuity Fraud Lawyers Continue to Pursue Brokerage Firms Over Investment Losses

In a February 3 letter, Northstar Financial Services (Bermuda) Ltd. (in Liquidation) notified shareholders that the substantive hearing of the Segregation Application will occur from April 24 to May 2, 2023, at the Supreme Court of Bermuda. It will be attended by attorneys for the joint provisional liquidators (JPLs), the Class Representatives, and the Amicus Curae. The letter also stated that the JPLs have filed a lawsuit in US Bankruptcy Court against Northstar (Bermuda) owner Greg Lindberg, his Global Growth Holdings, its affiliates, and others. Lindberg, who is currently out of prison, is awaiting a retrial and is also facing other criminal and regulatory charges.

Annuity Fraud Lawyers

Published on: February 2, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Our Skilled Annuity Fraud Lawyers Represent Northstar Financial Services (Bermuda) Investors

Mexico Investors File FINRA Lawsuit Accusing Truist Investment Services of Overconcentration

Once again, Shepherd Smith Edwards and Kantas (investorlawyers.com) have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Truist Investment Services over losses suffered by investors in Northstar Financial Services (Bermuda) products. These claimants, two Mexican investors, are an older couple who entrusted the US-based brokerage firm to keep their savings secure. Instead, their Truist Investment Services broker allegedly 100% concentrated their funds in Northstar (Bermuda) while reassuring them, time and again, that all was well. Now, they are suing Truist and seeking up to six figures in damages.

Trinidad & Tobago Investor Files Northstar Financial Services (Bermuda) Claim Against Truist Investment Services

Published on: July 4, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 invest in this risky, offshore-like annuity product. These recommendations happened despite the claimant stating he was seeking safety and security for his family’s assets.

Our Northstar (Bermuda) investment attorneys represent this investor in FINRA arbitration against Truist Investment Services. Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represents many other claimants against Truist, a SunTrust Investment Services, Inc. broker-dealer subsidiary.

Mexican Investors Allege That Infinex Investments Overconcentrated Their Assets In Northstar Financial Services (Bermuda)

Published on: June 30, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Infinex Broker Roberto Leslie Accused of Unsuitably Recommending Offshore Entity

Two investors from Mexico City who worked with Infinex financial advisor Roberto Francisco Leslie have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Infinex Investments. Related to their investment losses in Northstar Financial Services (Bermuda). Alleging unsuitability, concentration, and other broker misconduct, they seek up to $500K for their losses.

Our Northstar Financial Services (Bermuda) investment attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent these claimants in FINRA arbitration against Infinex. The hearing will take place in Houston, Texas.

Japanese Customers Of Bankoh Investment Services File 7-Figure Claim Over Northstar Financial Services (Bermuda) Losses

Published on: June 13, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 its registered representative Yoko K. Farias in Hawaii.

The investors contend that Bankoh and Farias allegedly abused their trust by overconcentrating a considerable amount of their assets in Northstar (Bermuda), which is now defunct and in liquidation proceedings. Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent these claimants in FINRA arbitration in the United States.

Elderly Japanese Investors Pursue Northstar (Bermuda) Claim Against Bankoh and Yoko Farias of Pacific Century Investment Services in Honolulu

Published on: May 24, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 now in liquidation proceedings.

Yoko Farias is also with the firm Pacific Century Investment Services. She has been named by other investors who worked with Bankoh as their registered representative of record that unsuitably recommended and sold Northstar (Bermuda) products to them.

Central American Couple Pursues 6-Figure Northstar Financial Services (Bermuda) Claim Against Ocean Financial Services

Published on: April 11, 2022 | by Kirk G. Smith

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 unsuitably recommended Northstar (Bermuda)’s Global Advantage Select and Global VIP.

Shepherd Smith Edwards and Kantas, LLP and Sonn Law Group, PA jointly represent this couple. A FINRA arbitration panel will hear their Northstar Financial Services (Bermuda) investment claim in Boca Raton, Florida.

Ocean Financial Services’ Recommendation of Northstar Financial Services (Bermuda) Leads to Six-Figure Loss for Houston Investor

Published on: April 4, 2022 | by Kirk G. Smith

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 Bank, was advised to invest her money beyond checking and bank accounts.

This would result in Ocean Financial Services overconcentrating a huge chunk of assets belonging to her and her mother in Northstar Financial Services (Bermuda), which is now defunct. Not only that, but the firm should have never recommended these products to this investor after 2015, which is when she moved to the United States.

Beechwood Bermuda Investor Seeks Up to $500K From Cetera and Broker Leo Li-Yuan Chien

Published on: March 28, 2022 | by Shepherd Smith Edwards & Kantas, LLP

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 investment trust, Healthcare Trust Incorporated (HTIA). The claimant alleges negligence, unsuitability, poor supervision, and concentration, among other claims, and is seeking up to $500K in damages.