Northstar (Bermuda) Lawyers

Our Northstar (Bermuda) Lawyers are Representing This Claimant Who Is Alleging Unsuitability

Shepherd Smith Edwards and Kantas has filed a FINRA arbitration claim against Cetera Investment Services on behalf of a California retiree seeking up to $1 million in damages over Northstar Financial Services (Bermuda) losses. The lawsuit alleges that a financial advisor unsuitably overconcentrated the inheritance of the investor’s late mother into the high-risk offshore entity, which later filed for bankruptcy following its owner’s conviction for annuity fraud.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing another investor who suffered losses in Northstar Financial Services (Bermuda). The Claimant is suing Cetera Investment Services for up to $1M in damages in Financial Industry Regulatory Authority (FINRA) Arbitration.

This is a California retiree who was a designated beneficiary. Her mother, a Chinese national who died, was the original investor in this offshore entity. She entrusted her Cetera financial advisor, who spoke her native language, to properly invest her savings and keep her money safe in the United States. Instead, a large portion of her assets was unsuitably overconcentrated in Northstar Financial Services (Bermuda), which filed for bankruptcy several years ago. Not only that, but owner Greg Lindberg pleaded guilty to annuity fraud.

While there are no prohibitions against foreign nationals investing in US-based securities or offshore entities, there were comparable US-based and offshore products that were better protected and not as risky. At no time was this investor informed that her money was in peril, even as it became clear to investment professionals that Northstar (Bermuda) was in trouble. Instead, she was promised safe returns with her principal guaranteed. This investor suffered significant losses.

In her Northstar Financial Services (Bermuda) loss case, this Claimant is suing for unsuitability, misrepresentations and omissions, overconcentration, negligence, breach of fiduciary duty, gross negligence, securities statute violations, breach of contract, elder financial abuse, fraud, failure to supervise, and more.

Who Can Sue Brokers Over Northstar (Bermuda) Losses?

Foreign nationals, mostly from Japan, China, Europe, and all over Latin America are the ones whose US-based financial advisors sold them Northstar Financial Services (Bermuda) annuities. These were investors who chose to the US as a safe haven for their money, only to be blindsided by serious losses when their investment failed. Brokers appear to have prioritized the high fees they could earn from selling Northstar (Bermuda) over making sure this was in the best interest of investors.

Why Hire Trusted Northstar (Bermuda) Lawyers?

Shepherd Smith Edwards and Kantas is representing more than 100 investors in their annuity loss recovery claims involving Northstar (Bermuda) annuitiesand other annuities from a Greg Lindberg-owned company.
We have experience representing international investors, including non-US citizens in recouping their losses caused by the fraud or negligence of a US financial advisor.
Our investor law firm has a collective more than 100 years of experience in securities law and the securities industry.
We have helped thousands of investors to secure awards and settlements against brokerage firms and investment advisers.

Explore Your Legal Options Regarding Your Northstar (Bermuda) losses Today:

Call our Northstar (Bermuda) Lawyers at (800) 259-9010 or International Via WhatsApp 713-227-2400 (text only)

You can also contact us online.