annuity fraud

Annuity Fraud Law Firm

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

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.

Annuity Fraud Attorneys

Published on: October 25, 2023 | by Shepherd Smith Edwards & Kantas, LLP

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.

Annuity Loss Lawyer

Published on: October 23, 2023 | by Shepherd Smith Edwards & Kantas, LLP

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.

Northstar Financial Services (Bermuda) Attorney

Published on: August 1, 2023 | by Shepherd Smith Edwards & Kantas, LLP

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.