Claimant is Suing for Up To $500,000 in FINRA Arbitration

Law firm Shepherd Smith Edwards and Kantas is representing a Panama City retiree in a FINRA arbitration lawsuit against Hancock Whitney Investment Services to recover up to $500,000 in Northstar Financial Services (Bermuda) losses. The claim alleges that the broker unsuitably recommended and overconcentrated the investor’s assets in high-risk offshore annuities, urging other affected investors to take immediate legal action before statutory deadlines expire.

A 71-year-old retiree from Panama City, is suing Hancock Whitney Investment Services, for losses he suffered in Northstar Financial Services (Bermuda). Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this international investor against this broker-dealer in FINRA arbitration.

Our Client sought a safe haven for his assets in the United States. He contends that broker Robin Vail Platt abused his trust by overconcentrating a large portion of his assets in this risky, offshore, and now defunct investment. This was an investor who made it clear that he wanted relatively safe and secure investments.

The Northstar (Bermuda) product sold to him was essentially an offshore variable annuity, but it lacked the actual protections of a US-based product. Meanwhile, this Claimant alleges, his Hancock Whitney Investment Services broker not only unsuitably recommended Northstar Financial Services (Bermuda), but also they made misrepresentations and omissions about the risks and failed to disclose how poorly this investment was doing. This investor is accusing the broker dealer of negligence, supervisory failures, breach of contract, unjust enrichment, and more.

Robin Platt, whose BrokerCheck CRD lists another customer dispute involving Northstar Financial Services (Bermuda), is now a registered representative with Cetera Investment Services.

Why Are So Many Northstar (Bermuda) Investors Suing Their Brokers?

Investors of this offshore investment have gone on to suffer serious losses.
Northstar Financial Services (Bermuda) filed for bankruptcy protection in December 2020.
Even before then, there were signs of trouble and possible investment fraud, yet that didn’t stop US brokerage firms from continuing to sell Northstar (Bermuda) annuities to foreign nationals.
Investors who suffered losses in this Bermuda-based entity contend that they were never fully apprised of the risks and had no idea of the financial and regulatory problems plaguing the company or its products.

Northstar Bermuda FAQs

Considering that investors with claims against US brokers usually have six years to file their investment loss recovery case, the time to explore your legal options is now.

Why Can’t I Just Wait for The Liquidation Proceedings Against Northstar (Bermuda0 To get My Money Back?

Bankruptcy cases can take years. Investors usually do not get much, if any, of their money back from these proceedings.

However, suing your broker for misconduct or negligence can maximize your chances for a full financial recovery. It is why it is important that you retain the services of a skilled Northstar Financial Services (Bermuda) law firm that knows how to fight for you.

Why Hire Shepherd Smith Edwards and Kantas To Represent You

Our Northstar (Bermuda) loss lawyers are representing more than 100 investors against the many brokerage firms that unsuitably recommended and marketed Northstar (Bermuda) to customers. We have an in-depth understanding of what happened to this investment and the reasons why brokers should be held liable.

Over the decades, we have helped thousands of investors to collectively recoup many millions of dollars from liable brokerage firms and investment advisers.

Call (800) 259-9010