Articles Posted in Northstar Financial Services

Northstar Financial Services (Bermuda) Investors Who Suffered Losses May Be Able To Sue Their Brokers. Our Northstar Financial Fraud Law Firm Are Representing Asian and Latin American Nationals 

The Shepherd Smith Edwards and Kantas Northstar Financial Fraud Law Firm (investorlawyers.com) continue to investigate Northstar Financial Service (Bermuda). Many of the investors who suffered losses are foreign nationals from countries in Asia and Latin America, including the Caribbean, who were unsuitably recommended this offshore entity by their US stockbroker.

To date, we are representing more than 100 investors with an annuity fraud lawsuit against a broker-dealer. Here is a list of firms we are suing. Many are respondents in multiple Northstar (Bermuda) lawsuits that we are helming:

There Is Still Time For Asian Investors To Try Recouping Their Northstar (Bermuda) Losses. Our Northstar Financial Services Loss Attorneys Represent International Investors Against US-Based Brokerage Firms

In the latest news involving Northstar Financial Services (Bermuda), owner Greg Lindberg is now under further scrutiny by the federal government, which seeks forfeiture of $1.5M in funds seized from him. The North Carolina billionaire, who was recently convicted again of bribery and fraud, is awaiting another criminal trial in which he is accused of defrauding annuity investors of more than $2B.

Among his alleged victims are investors from Asia, especially China and Japan, who were unsuitably marketed and sold Northstar Financial Services (Bermuda) investments by US-based brokerage firms. Investing in this offshore entity was a risky proposition from the start. Foreign nationals were deprived of the regulatory protections they could have availed of if only their financial advisor had sold them comparable US-based products instead.

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.

Our Northstar Bermuda Broker Fraud Attorney Represents South American Investors Over Northstar (Bermuda) Losses

Argentine Family Seeks Up To $1M in Damages from Truist Investment Services

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent clients throughout Latin America and South America who suffered losses because a US-based brokerage firm marketed and sold them Northstar Financial Services (Bermuda) annuities. This includes a family in Buenos Aires—mostly of retirees—who entrusted Truist Investment Services (AKA SunTrust Investment Services)  to keep their money secure. Now, they are suing the brokerage firm for up to $1,000,000 in damages.

Venezuelan Family Sues Truist Investment Services For Northstar (Bermuda) Losses

Shepherd Smith Edwards and Kantas (investorlawyers.com) Northstar Financial Services Investment Loss Attorney Teams are representing Latin American investors in pursuing damages from the US-based brokerage firms that unsuitably marketed and sold them Northstar Financial Services (Bermuda) annuities. This includes three Venezuelan claimants, all from the same family, who are seeking up to $500K from Truist Investment Services.

Six-Figure FINRA Lawsuit Alleges Overconcentration Of Savings In Unsuitable Offshore Annuities

Northstar (Bermuda) Investors To Receive Update On Liquidation, Distribution Payments. Shepherd Smith Edwards and Kantas Northstar Securities Law Attorney Team Is Continuing To Investigate Losses

If suffered serious losses in Northstar Financial Services (Bermuda), please contact Shepherd Smith Edwards and Kantas (investorlawyers.com). We are representing many investors in pursuing damages against the broker-dealers that unsuitably marketed and sold them annuities from this offshore company that went bankrupt in 2020.

Following a hearing on January 19, 2024, the Joint Provisional Liquidators (JPLs) for Northstar (Bermuda) received procedural directions instructing them to give creditors and policyholders details regarding proposed next steps in the liquidation proceedings, payments of certain distributions, and the valuation of claims. This information is supposed to be provided by February 15, 2024, at the latest.

Chinese Investors File Northstar (Bermuda) Lawsuit For Over $5 Million Against Cetera. 

Our Northstar Bermuda Loss Attorneys Represent Foreign Nationals in The US and Abroad Against Broker-Dealers

In our latest Northstar Financial Services (Bermuda) loss lawsuit against Cetera Investment Services, Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing two Chinese citizens, one living in the US and one abroad, in their more than $5M annuity loss claim that was brought in Financial Industry Regulatory Authority (FINRA) arbitration.

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.

Colorado Bankers Life Insurance Annuity Investors May Be Able To File Broker Fraud Lawsuits

Owner Greg Lindberg Faces More Criminal Charges

Our annuity investment loss lawyers are continuing to help investors pursue damages from the brokerage firms that allegedly unsuitably recommended and sold them annuities issued by Colorado Bankers Life Insurance Company. The insurer, which entered into liquidation in late 2022, is owned by billionaire Greg Lindberg.

Are You a Latin America Retiree Who Suffered Northstar Financial Services (Bermuda) Investor Losses?

Our Northstar (Bermuda) Lawyers Represent International Investors Against US-Based Brokerage Firms

Whether you are a Latin American investor who is a US resident or one who lives abroad if your brokerage firm unsuitably recommended and sold you Northstar Financial Services (Bermuda) products, Shepherd Smith Edwards and Kantas (investorlawyers.com) may be able to help. For over two years, we have been going after the broker-dealers and their registered representatives that marketed and sold Northstar (Bermuda) annuities and annuity-like investments to foreign nationals.

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