Uncategorized

Annuity Loss Law Firm

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Represent CB Life Annuity Investors Against Broker-Dealers. Thousands of Retirees’ Assets Remain Frozen in Colorado Banker’s Life Insurance Annuity Policies

If you are an investor who has been waiting a number of years to get your money back from a CB Life annuity issued by Colorado Bankers Life Insurance, know that this could be a futile attempt. Not only have your assets been frozen for some time, but also the insurer remains in rehabilitation with liquidation proceedings continuing to be delayed. Meanwhile, owner Greg Lindberg has been charged with allegedly defrauding policyholders of $2B. He also, according to a new court filing he submitted in litigation against him and his companies, owes at least $1.9B to creditors. As Shepherd Smith Edwards and Kantas Annuity Loss Law Firm (investorlawyers.com) Senior Partner and annuity fraud loss attorney Kirk Smith said in a recent Wall Street Journal article, rather than wait for years to get back who knows how much, if anything at all, from Colorado Bankers Life Insurance, CB Life annuity investors may want to explore other legal options.

Already, we are representing a number of CB Life annuity investors, many of them retirees, in pursuing damages from the broker-dealers that allegedly unsuitably marketed and sold them these investments. This includes broker fraud claims brought against Citizens Securities, which is currently under investigation by Massachusetts regulators for its sale of these particular annuity policies.

FINRA Arbitration Attorney

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

For Northstar Financial Services (Bermuda), Fixed-Rate Annuity Investors Filing A Broker Fraud Lawsuit May Be Only Option. Bermuda Supreme Court Order Deems That Fixed Account Holders Will Likely Recovery Nothing From Liquidation

In its July 28, 2023 ruling, The Supreme Court of Bermuda concluded that Northstar Financial Services (Bermuda) did not use any methods to keep track of or identify which funds or assets belonged to fixed-rate annuity policyholders. Because of this, there are no segregated funds for these investors to recover from the liquidation proceedings. What this means is, barring a separate legal claim for breach of contract against the insurer, these investors will likely receive nothing. The FINRA Arbitration Attorney team at SSEK are helping these investors.

This is all the more reason why Northstar (Bermuda) fixed-rate annuity investors need to explore their other legal options with Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Since 2020, when Northstar Financial Services (Bermuda) filed for bankruptcy, we have been going after the brokerage firms that allegedly unsuitably recommended this offshore entity, misrepresented and omitted the risks, or overconcentrated investors’ accounts with these investments. Our clients include both fixed-rate annuity investors and variable-rate annuity investors from Latin America and Asia who have suffered significant losses in what many of them were told were safe, low-risk investments.

Real Estate Investment Trust Loss Lawyers

Published on: August 22, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses in DigitalBridge REIT?

Our Trusted Real Estate Investment Trust Loss Lawyers May Be Able to Help

Real estate investment trusts (REITs) can be very risky and they may not be suitable for many retail investors and retirees. Unfortunately, this does not always stop brokers from unsuitably recommending them to customers. Shepherd Smith Edwards and Kantas’ (investorlawyers.com) Real Estate Investment Trust Loss Lawyers represent investors in recouping REIT losses caused by broker fraud or misconduct. Please contact us today to request your free, no-obligation case assessment so that we can help you determine whether you should sue your broker-dealer for damages.

Structured Product Loss Attorneys

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Structured Product Loss Attorneys Investigates Stifel Nicolaus Broker Chuck Roberts Over Structured Note Sales

Customers of Miami Beach Financial Advisor File $23.5M in Investor Loss Lawsuits

Our seasoned broker fraud attorneys are looking into claims of losses by investors who purchased structured notes while working with Stifel, Nicolaus & Co. financial advisor Chuck Roberts. Already, he has been named in multiple investor claims seeking $23.5M in damages, with a number of the claimants suing for $5M in damages. The allegations made against the veteran broker include breach of fiduciary duty, fraud, negligence, breach of contract, misrepresentations, selling away, and more.

San Diego Investment Loss Recovery Lawyers

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

San Diego Investment Loss Recovery Lawyers

Representing Investors Throughout Southern California In Pursuing Damages From Financial Advisors

If you are a Southern California investor who has sustained investment losses while working with a registered broker-dealer or investment adviser, Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you explore your legal options. While some portfolio losses happen through no one’s fault—markets and economies fluctuate as can an investment’s share price—if you suspect that those financial product losses could have been avoided were it not for the wrongful or careless actions of your broker or investment adviser, you may be able to sue for damages.

FINRA Lawsuit Attorney

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

For Northstar Financial Service (Bermuda) Investors, Suing Their Broker-Dealer Remains The Best Avenue for Financial Recovery

Bermuda Supreme Court’s Latest Ruling Doesn’t Bring Annuity Holders Any Closer To Getting Their Money Back

Since 2020, Shepherd Smith Edwards and Kantas the FINRA Lawsuit Attorney team have been representing investors that suffered losses after their broker-dealer marketed and sold them Northstar Financial Services (Bermuda) annuities. These investors are foreign nationals, including retirees, who looked to the US as a safe haven for their assets. Instead, their financial advisors allegedly unsuitably invested their funds in these risky, little-protected offshore annuities while promising that their money would be secure.

Broker Theft Attorney

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Failure To Supervise Enables Broker Theft

LPL Financial Fined $3M After Its Financial Advisors Steal From 13 Customers

If your broker-dealer failed to identify and investigate red flags indicating possible misconduct or fraud by your financial advisor you may be able to hold them liable for your investment losses. Recently, the Financial Industry Regulatory Authority (FINRA) fined LPL Financial $3M after finding that the firm allegedly failed to properly supervise its registered representatives, which placed customers at risk of suffering serious investment losses. This included its purported failure to stop two of its brokers from misappropriating $2.4M from 13 clients, most of whom were senior investors.

Annuity Fraud Lawyers

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Why CB Life Annuity and Northstar (Bermuda) Investors Should Explore Suing Their Broker

Owner Greg Lindberg’s Money Woes, Along With Fraud Charges, Pile Up

If you are an investor whose assets are frozen in Colorado Bankers Life Insurance, Southland Reinsurance Company, Northstar Financial Services (Bermuda), or another Greg Lindberg-owned insurance company, now is the time to explore whether you have grounds for suing your broker for marketing and selling you these companies’ annuities. All of Lindberg’s insurers are currently in rehabilitation or liquidation. With his financial, regulatory, and criminal fraud charges continuing to grow, waiting for those proceedings, or the North Carolina billionaire himself, for any type of financial relief will be a lengthy and arduous process. Who knows if investors will get back much, if anything at all from them, in the end.

Broker Fraud Lawyers

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Can International Investors Pursue Their Northstar (Bermuda) Losses From Cetera Investment Services?

Chinese Investor Sues US-Based Broker-Dealer For Up to $500K in Damages

If you are a foreign national who suffered losses after Cetera Investment Services or another US-based broker-dealer marketed and sold you Northstar Financial Services (Bermuda) investments, know that there are legal remedies available to you for recovering your losses. This includes, potentially, suing the brokerage firm and their registered representative in Financial Industry Regulatory Authority (FINRA) arbitration.

Disabled and Elder Financial Abuse Lawyers

Published on: August 8, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Seniors and Disabled Investors Are Defrauded By Their Brokers

SEC Charges Ex-Centaurus Broker Joseph Michael Todd For Misappropriating $3M From Customers

If you are an older or disabled investor who was the victim of broker fraud, you may be able to sue the broker-dealer for damages by contacting our disabled and elder financial abuse lawyers. Even if the financial firm was unaware of their financial advisor’s misconduct, if they failed to properly supervise this registered representative and their activities in your account, the firm could be held liable.