Annuity Investor Loss Lawyers

Shepherd Smith Edwards and Kantas Is Investigating Citizens Securities Over Colorado Bankers Life Insurance Annuity Sales To Investors

Our Skilled Annuity Investor Loss Lawyers Can Help You Explore Your Legal Options

Shepherd Smith Edwards and Kantas Annuity Investor Loss Lawyers have been pursuing the brokerage firms that sold annuities and annuity-like products from companies owned by billionaire Greg Lindberg. This includes our investigation into Citizens Securities, which is a subsidiary of Citizens Bank. The registered broker-dealer and investment adviser (RIA) may have allegedly unsuitably marketed and sold Colorado Bankers Life Insurance annuities to investors, including retirees.

Colorado Bankers Life Insurance, which is a Lindberg-owned entity, went into liquidation in late 2022. This is not good news for many Colorado Banker’s Life Insurance annuity holders. For one, liquidation proceedings seldom provide investors with full financial recovery for their losses. (Even though state guarantees typically will back insurance annuities, the guarantee is limited and specific to each state.)

Not only that but also Lindberg, who was released from prison in 2022 after his wire fraud (and related charges) conviction was overturned and is awaiting retrial, was just indicted again by a grand jury. This time he is accused of defrauding policyholders of hundreds of millions of dollars in a purported $2B scam. The indictment comes just months after the US Securities and Exchange Commission (SEC) accused Lindberg, another individual, and their Malta-based RIA Standard Advisory Services of bilking clients of more than $75M.

Meanwhile, many investors, including retirees and senior investors, who purchased annuities from Colorado Bankers Life Insurance and other Lindberg-owned insurance companies have spent the last few years struggling to recoup their money. Many thought that these annuities were safe, low-risk investments. Instead, they have found themselves the possible victims of an alleged complex investment strategy that has left the annuity payments they expected to receive largely frozen.

Why You Should Speak With Our Skilled Colorado Bankers Life Insurance Annuity Investor Loss Lawyers

It may be that Colorado Bankers Life Insurance annuity investors’ best option for financial recovery is to sue the brokerage firms that sold them these investments. Considering that Lindberg and his entities have been under scrutiny for some time—he has long been suspected of having funneled funds from his insurance companies to his special purpose vehicles—one can’t help but wonder whether broker-dealers conducted the proper due diligence into these investments before selling them to investors.

Shepherd Smith Edwards and Kantas have been going after the brokerage firms that marketed annuities and annuity-like investments issued by Greg Lindberg’s companies:

Colorado Bankers Life Insurance

Northstar Financial Services (Bermuda)

PB Investment Holdings

Bankers Life Insurance Company

Southland National Insurance Corporation

Southland National Reinsurance Corporation

Already, our seasoned annuity loss attorneys have filed dozens of lawsuits against many broker-dealers on behalf of both US residents and international investors. Many investors thought they were taking on little-to-no risk with these investments and instead have found themselves suffering serious portfolio losses.

Our in-depth familiarity with the financial products issued by Lindberg-owned companies, as well as the deep investigations we continue to conduct into the alleged broker misconduct and negligence committed, makes us the trusted securities law firm that can help you determine whether you have grounds for an investment fraud lawsuit against your brokerage firm. Should we agree to work together, our entire team of savvy annuity investor loss lawyers, fraud analysts, and others will pursue financial recovery on your behalf.

With over a century’s worth of combined experience in securities law and the securities industry, Shepherd Smith Edwards and Kantas have helped thousands of investors secure many millions of dollars through arbitration, mediation, and litigation. More than 90% of our clients have achieved full or financial recovery.

How To Reach Our Team of Annuity Investor Loss Lawyers: 


If you are a Colorado Bankers Life Insurance annuity investor who worked with a Citizens Securities broker or another financial advisor, call (800) 259-9010 today or contact us online to request your free, no obligation case consultation.



Contact Information