Ex-Cetera Investment Services Broker Xinxin Lu May Have Overconcentrated Couple’s Account in Obscure, Offshore Investment
Our seasoned securities lawyers have filed a Financial Industry Regulatory Authority (FINRA) arbitration case against Cetera Investment Services on behalf of two Chinese investors. These investors seek up to $5M in damages for losses they sustained in Beechwood Bermuda. The claimants, an older couple who have health issues, worked with former Cetera broker Xinxin Lu (also known as Stella Lu).
Beechwood Bermuda (formerly known as PB Life) is a division of Northstar Financial Services (Bermuda). Both are offshore entities that are now defunct and were owned by billionaire Greg Lindberg. He is now in prison for bribery and wire fraud.