Articles Posted in annuity fraud

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.

Massachusetts Retiree Files Seven-Figure CB Life Annuity Lawsuit Accuses Citizens Securities 

Claimant Says Broker Misrepresented Colorado Bankers Life Insurance As A Safe Investment

Shepherd Smith Edwards and Kantas Annuity Loss Lawyer Teams (investorlawyers.com) are representing a Medford, MA investor who is seeking up to $1,000,000 in damages from broker-dealer Citizens Securities over the losses she sustained in a Colorado Bankers Life Insurance annuity. In her FINRA lawsuit, this retiree is alleging unsuitability, negligence, misrepresentations and omissions, breach of fiduciary duty, gross negligence, due diligence failures, breach of contract, failure to supervise, and unjust enrichment.

Colorado Bankers Life Insurance Investors Still Have Time To Sue Their Brokers 

Our Annuity Loss Lawyers Are Representing Claimants Who Suffered Serious Losses

Shepherd Smith Edwards and Kantas (investorlawyers.com) are continuing to represent many of the annuity holders who suffered losses in Colorado Bankers Life Insurance and other Greg Lindberg-owned insurance companies. Unfortunately, about 70,000 retirees and other retail customers have been unable to withdraw the savings that they invested in these insurers for the last few years.

Shepherd Smith Edwards and Kantas Annuity Loss Attorney Team are representing CB Life Annuity Investors in Massachusetts Against Citizens Securities

Broker-Dealer Allegedly Solicited Investors in The Bay State To Invest Beyond Insurance Cap

If you are a Massachusetts investor who suffered losses after you were marketed and sold Colorado Bankers Life Insurance annuities by a Citizens Securities broker, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. It has come to our attention that registered representatives from that broker-dealer may not only have allegedly unsuitably recommended CB Life annuities to many investors in this state, including plenty of seniors and retirees, but also, it appears that these brokers purportedly encouraged them to invest money beyond the $250,000 insurance cap allowed. This has left many investors with serious investment losses and limited options for financial recovery now that Colorado Bankers Life Insurance has gone into rehabilitation and its owner Greg Lindberg is accused of more criminal fraud charges.

Are You A Retiree Who Suffered Serious Variable Annuity Losses?

 Investors File FINRA Lawsuit Seeking Up To $1M In Damages from Ameriprise Financial

For years the Financial Industry Regulatory Authority (FINRA) has been cautioning brokers against selling variable life insurance to retirees. The self-regulatory organization (SRO) has even said that certain products, such as deferred variable annuities, could be too risky for many older retirees. Yet that hasn’t stopped many financial advisors from unsuitably recommending that seniors use their retirement money to invest in variable annuities (VAs). Such investments tend to be illiquid and are generally long-term investments, while many older investors, because of their age, are best suited for financial products with shorter-term investment horizons and aren’t too volatile or high-risk. It is important to note that this holds true even with VAs that come with riders specifically for seniors.

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 Non-US Citizen. Can I Recover My Northstar (Bermuda) Investment Losses?

Japanese Retiree Sues Bankoh Investment Services, a Division of Bank of Hawaii, For Up to $500K  

If you are an international investor who suffered losses in an investment sold to you by a US-based broker-dealer, Shepherd Smith Edwards and Kantas Northstar Financial Services (Bermuda) Attorney team (investorlawyer.com) can help you explore your legal options. Over the years, we have filed many broker fraud lawsuits for foreign nationals, including Northstar Financial Services (Bermuda) investors.

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