Articles Posted in Annuities

Did Ex-Infinity Financial Services Broker Thomas Vigil Unsuitably Recommend L-Share Variable Annuity Exchanges and Variable Annuity Purchases To You? Our Experience Variable Annuity Loss Law Firm May Be Able To Help 

The Financial Industry Regulatory Authority (FINRA) has fined former Infinity Financial Services Broker Thomas Vigil $10K for allegedly inappropriately recommending 10 unsuitable L-share variable annuity (VA) exchanges to several customers and two unsuitable variable annuity purchases to two clients.

The self-regulatory organization (SRO) contends that customers ended up paying higher fees. Vigil, who was suspended for 12 months, must pay $25,436 in restitution.

Northstar (Bermuda) Investors Can Still Explore Their Legal Options. Our Annuity Fraud Lawyers Continue To File Claims Against Brokerage Firms

Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers (investorlawyers.com) represents dozens of investors, mostly foreign nationals, in their FINRA lawsuits against the US broker-dealers that marketed and sold Northstar Financial Services (Bermuda) to them.

This offshore entity was owned by billionaire Greg Lindberg, who recently pleaded guilty to defrauding investors of $2B. But there were red flags indicating something was amiss even before then. Yet that did not stop many brokerage firms from promoting this risky, unprotected investment, including to those who wanted to take on low-to-no risk.

Northstar (Bermuda) & Colorado Bankers Life Insurance Owner  Sued For Allegedly Trying To Avoid Paying $580M Legal Debt. Annuity Holders Waiting For Payouts Should Explore Filing Broker Fraud Lawsuits

If you are an investor who suffered losses in Northstar Financial Services (Bermuda)Colorado Bankers Life Insurance, or another insurer owned by billionaire Greg Lindberg, you may want to explore other legal options beyond waiting to get back your money from liquidation or bankruptcy proceedings. If you contact us today, the Shepherd Smith Edwards and Kantas Northstar Bermuda Annuity Fraud Attorneys (investorlawyers.com) can help you assess whether you have grounds for a claim against your broker-dealer for allegedly unsuitably recommending these troubled annuities.

While many investors may be wary of filing a broker negligence lawsuit, the truth is that recovering all, possibly even any of your funds, through those other avenues is unlikely. These insurers are already heavily in debt. Lindberg, who is awaiting two criminal fraud trials, is suspected of funneling money from them to his special-purpose vehicles. He also owes hundreds of millions of dollars in litigation and his legal woes are only worsening.

More Japanese Investors Sue Bankoh Investment and Broker Yoko Farias Over Northstar (Bermuda)

Our Trusted Annuity Fraud Attorneys Represent Asian and Latin American Citizens Against US Brokerage Firms

Once again, a Japanese investor is suing Bankoh Investment Services and its broker Yoko Farias over losses they sustained because the latter allegedly unsuitably marketed and sold Northstar Financial Services (Bermuda) annuities to them. The claimant, who met Farias through the Bank of Hawaii, is accusing the respondents of overconcentrating his assets in this risky, offshore investment, which is now in liquidation proceedings. Seeking up to $500K in damages, our client is also alleging unsuitable investment recommendations, due diligence failures, misrepresentations and omissions, and gross lack of supervision.

Another Japanese Investor Hires an Annuity Loss Lawyer and Sues Bankoh Over Northstar Financial Services (Bermuda) Losses 

Bankoh Investment Services Broker Yoko Farias Sold Risky Offshore Annuity To Foreign National

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent investors from Asia and Latin America against the many brokerage firms that allegedly unsuitably marketed and sold Northstar Financial Services (Bermuda) annuities. One of the broker-dealers we have filed a number of these annuity loss lawsuits against is Bankoh Investment Services.

I’m A CB Life Annuity Investor. Can I Sue My Citizens Securities Broker For My Losses?

Brokerage Firm Allegedly Sold Colorado Bankers Life Insurance Annuities To Retirees and Seniors

If you are one of the tens of thousands of investors whose funds have been frozen in a CB Life annuity from Colorado Bankers Life Insurance, you may be able to sue your broker-dealer for your losses. Dozens of brokerage firms are believed to have sold this financial product to investors, many of them older investors and retirees. The insurer remains in rehabilitation.

Are You A Colorado Bankers Life Insurance Annuity Investor Whose Citizens Securities Broker Failed To Disclose The Risks?

Broker-Dealer Is Sued Again Over Colorado Bankers Life Insurance Losses

If you are a Colorado Bankers Life Insurance annuity investor who worked with a Citizens Securities financial advisor, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. Already, we have filed a number of annuity fraud lawsuits against the firm, as well as other broker-dealers, over the sale of annuity policies from this insurer to investors.

Our Colorado Bankers Life Insurance Annuity Fraud Lawyer Team Are Representing Retirees and Other Retail Investors

Brokers Breached Duty To Investors When Selling Annuities

If you are a retiree or another investor who lost money in Colorado Bankers Life Insurance, the time to explore your legal options is now. For years, those who purchased annuity policies have had their money frozen with no relief in sight. Meanwhile, the insurer is in rehabilitation and its owner Greg Lindberg is embroiled in criminal charges, fraud lawsuits, and other litigation.

What Should You Do If Your Citizens Securities Broker Sold You A Colorado Bankers Life Insurance Annuity? 

Speak With One Of Our Skilled Annuity Investor Loss Lawyer Today

If you are someone whose assets remain frozen in a Colorado Bankers Life Insurance annuity, Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you explore your legal options. Already, we have filed over 100 annuity fraud lawsuits against the broker-dealers that may have unsuitably recommended and sold policies in insurance companies owned by North Carolina billionaire Greg Lindberg.

For Northstar Financial Services (Bermuda) Investors The Time To Act Is Now

Our Seasoned Annuity Investor Loss Attorneys May Be Able To Help You Go After Your Broker

Nearly two and a half years after Northstar Financial Services (Bermuda) filed for bankruptcy protection, there has been no significant progress in liquidation proceedings. If you are someone who invested in an annuity or annuity-like product from this offshore entity and suffered significant losses, the time to act is now and contact our team of Annuity Investor Loss Attorneys.

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