Northstar Financial Services

Customer of Ex-Raymond James Broker Alberto Valdes Claims Northstar Global Advantage Select Losses

Published on: October 1, 2021 | by Shepherd Smith Edwards & Kantas, LLP

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.

Mexico Investors File $500K Northstar Financial Services (Bermuda) Claim Against Wells Fargo Clearing Services

Published on: September 30, 2021 | by Shepherd Smith Edwards & Kantas, LLP

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.

Central American Retiree Suffers Six-Figure Loss After Truist Investment Services Unsuitably Recommends Northstar Financial Services (Bermuda)

Published on: September 27, 2021 | by Shepherd Smith Edwards & Kantas, LLP

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 investorlawyers.com) have filed against Truist Investment Services and other US-based brokerage firms for unsuitably marketing Northstar (Bermuda).

Representatives To Be Appointed For Each Investor Class in Northstar Financial Services (Bermuda) Liquidation Proceedings

Published on: September 10, 2021 | by Shepherd Smith Edwards & Kantas, LLP

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.

Northstar Financial Services (Bermuda) Owner Greg Lindberg Sued by Puerto Rican Insurer for $524M

Published on: September 8, 2021 | by Shepherd Smith Edwards & Kantas, LLP

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:

Tokyo Investors File $500K Northstar Financial Services (Bermuda) Arbitration Claim Against UnionBanc Investment Services

Published on: September 2, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Northstar Bermuda Hearing Will Take Place in San Francisco, California

Two claimants from Tokyo, Japan are pursuing up to $500K in damages from UnionBanc Investment Services, LLC. The investors, who are related, contend that their UnionBanc broker overconcentrated all of their assets in Northstar Financial Services (Bermuda) and caused them significant six-figure investment losses.

Our investor fraud attorneys are representing these Japanese investors in their FINRA arbitration claim. A panel of three arbitrators will hear their case in San Francisco, California.

Chinese Retiree Pursues Up To $500K From Cetera Over PB Investment Holdings Losses

Published on: August 23, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Retiree Suffers Significant Losses in PB Investment Holdings on Recommendation of Cetera Financial Advisor

A Chinese national has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim over losses she suffered after a Cetera Investment Services advisor unsuitably recommended and sold a PB Investment Holdings annuity to her.

The Bermuda-based off-shore investment (affiliated with Northstar Bermuda) was touted as safe and low risk. That entity is in liquidation and has caused this claimant, who is a retiree, significant losses. She is now seeking six figures in damages from Cetera Financial.

$500K Northstar Financial Services (Bermuda) Claim Brought Against Truist Investment Services by Venezuelan Investors

Published on: August 12, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Claimants are Older South American Investors Who Suffered Six-Figure Loss

Two investors have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Truist Investment Services, Inc., which is the broker-dealer unit of SunTrust Investment Services. The claimants, who are related, are seeking up to $500K plus interest and costs after they suffered investment losses in Northstar Financial Services (Bermuda). A panel of arbitrators will hear their case in Boca Raton, Florida.

Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is representing these South American investors in fighting to recover their losses sustained after their Truist broker unsuitably recommended and sold Northstar Financial Services (Bermuda) products to them. If you too suffered similar losses, contact us today.

South American Retirees File $5M Northstar Financial Services (Bermuda) Investor Claim Against Raymond James & Associates

Published on: July 27, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Older Couple’s Broker Overconcentrated More Than $2.2M of Their Funds in Now Defunct Investment

An older retired couple from South America is pursuing a Financial Industry Regulatory Authority (FINRA) arbitration claim against Raymond James & Associates, Inc. after they suffered a seven-figure loss in Northstar Financial Services (Bermuda). Now, the senior investors are seeking up to $5M in damages, along with interest and costs.

Our Northstar (Bermuda) arbitration attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are representing these South American nationals in their FINRA arbitration claim that they filed against this US-based broker-dealer. A panel of arbitrators will hear this investor case in Boca Raton, Florida.

As July 26th Hearing Date Approaches, SSEK Law Firm Continues To Investigate Northstar Financial Services (Bermuda)

Published on: July 20, 2021 | by Shepherd Smith Edwards & Kantas, LLP

Investors’ Best Recourse For Financial Recovery is to Work With Experienced FINRA Attorneys

Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) continues to zealously go after the brokerage firms whose registered representatives unsuitably recommended and sold Northstar Financial Services (Bermuda) products to their customers.

Already, we’ve filed several Financial Industry Regulatory Authority (FINRA) arbitration claims against broker-dealers on behalf of investors.