Articles Posted in Northstar Financial Services

A Claimant is Requesting Up to $5M in Damages For Northstar (Bermuda) Losses 

An older investor has filed a FINRA arbitration claim over losses she sustained in Northstar Financial Services (Bermuda) while working with Cetera Investment Services, LLC. The claimant is a retiree and a foreign national who had an account at a US bank. It was the bank that introduced her to the Cetera financial advisor.

Seeking to keep her assets safe, she entrusted the recommendations of her Cetera Investment Services broker, who then proceeded to unsuitably recommend Northstar Financial Services (Bermuda), essentially overconcentrating 100% of her account with this offshore entity. 

Financial Advisor May Have Unsuitably Recommended Off-Shore Annuities To Multiple Latin American Customers

If you are an investor who lost money after you were sold Northstar Financial Services (Bermuda) products, seek legal advice today as you may have grounds for a FINRA arbitration case. 

Our seasoned Northstar Financial Services (Bermuda) attorneys are continuing to investigate Hancock Whitney Investment Services broker Robin Platt for selling and marketing investments of this off-shore entity to his customers. 

Claimant Worked With Ex-Raymond James Broker Frank Van Houten Through UNFCU 

An investor from the Caribbean has filed a six-figure Financial Industry Regulatory Authority (FINRA) arbitration claim against Raymond James Financial Services over investment losses he sustained. 

One of Raymond James’ former brokers, Frank Lucien Van Houten, unsuitably recommended and sold Northstar Financial Services (Bermuda) products to the investor. This caused the customer to suffer a six-figure loss that he is now seeking to recover.

Ex-Raymond James Broker Sara Komischke Unsuitably Recommended Off-Shore Investment 

A Maine investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against brokerage firm Raymond James Financial Services, Inc. over his Northstar Financial Services (Bermuda) investment losses. 

The claimant contends that the off-shore investment was unsuitably recommended to him by Sarah Komischke, also known as Xiao Qin Komischke, while she was with Raymond James. Komischke is currently a Cetera Investment Services broker. Her LinkedIn also notes that she is with FVP Wealth Management at Cathay Bank. 

Miami Financial Advisor Accused of Making Unsuitable Recommendation in Northstar Global Advantage Select Products

A customer of ex-Raymond James Financial Services stockbroker Alberto Valdes has filed a six-figure FINRA claim seeking damages for investment losses sustained in Northstar Financial Services (Bermuda), an off-shore entity that is now in liquidation. 

Valdes, who is currently a Citigroup registered representative, was with Raymond James as both a broker and investment advisor from 2016 to 2018.

Northstar Bermuda FINRA Arbitration Hearing to Take Place in Houston, Texas

A couple who live in Mexico has filed a FINRA arbitration claim against Wells Fargo Clearing Services for the six-figure loss they sustained from investing in Northstar Financial Services (Bermuda). 

The claimants were longtime Wells Fargo Bank clients and they were referred to a financial advisor at the broker-dealer. They would go on to work with other Wells Fargo Securities brokers as time passed.

FINRA Arbitration Hearing Will Take Place in Boca Raton, Florida

An elderly Venezuelan investor is seeking six figures in damages from Truist Investment Services (aka SunTrust Investment Services) over losses he suffered in Northstar Financial Services (Bermuda). The claimant contends that the firm overconcentrated his account by heavily investing his life savings in this off-shore entity, which is now undergoing liquidations proceedings after filing for bankruptcy. 

This is one of a number of FINRA arbitration claims that our Northstar Financial Services (Bermuda) attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at have filed against Truist Investment Services and other US-based brokerage firms for unsuitably marketing Northstar (Bermuda). 

Raymond James Broker Made Unsuitable Recommendation That Led To Northstar Financial Bermuda Losses

Shepherd Smith Edwards and Kantas (SSEK Law Firm at will be filing yet another Financial Industry Regulatory Authority (FINRA) arbitration claim against a brokerage firm for unsuitably recommending Northstar Financial Services (Bermuda) products to a customer. 

This time, the broker-dealer that we are pursuing for damages is Raymond James Financial Services. One of the firm’s financial advisors unsuitably marketed and sold this off-shore entity’s annuities through the United Nations Federal Credit Union (UNFCU).

Similar Determination Made in Wind Up Proceedings for Old Mutual (Bermuda) 

Bermuda’s Chief Justice Narinder Hargun and Joint Provisional Liquidators (JPLs) are in agreement that representatives will be appointed for every creditor class in the liquidation proceedings for both Northstar Financial Services (Bermuda), Ltd. and Omnia, Ltd., which was formerly Old Mutual (Bermuda)

The Supreme Court of Bermuda also provided direction to the JPLs, after the latter determined that issues related to the assessment of asset segregation among the different kinds of investors could impact how much they all stood to recover. 

Civil Lawsuit is Latest Legal Trouble For Convicted Businessman, Greg Lindberg

Greg Lindberg, the owner of Northstar Financial Services (Bermuda), is the defendant in a lawsuit in which the plaintiff is demanding that he pay $524M to honor an agreement between two insurers. These insurers are PB Life and Annuity Company, and Universal  Life Insurance Company (ULICO), which is a Puerto Rico entity. 

This is the latest legal woe to hit Lindberg, who is serving time in prison for wire fraud, bribery, and conspiracy to commit honest services fraud. The Durham, North Carolina resident is the founder of Eli Global, LLC and Global Bankers Insurance Group, which acquired:

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