Shepherd Smith Edwards and Kantas Is Representing This Chinese Investor In FINRA Arbitration

A Chinese retiree living in Texas is suing Cetera Investment Services for up to $500,000 in FINRA arbitration after losing his life savings in Northstar Financial Services (Bermuda). Represented by Shepherd Smith Edwards and Kantas, the investor alleges the brokerage firm and his advisor improperly recommended the risky offshore product, which is now in bankruptcy following its owner’s conviction for annuity fraud.

A Chinese national who resides in the United States has filed a broker misconduct lawsuit against Cetera Investment Services over losses he sustained in Northstar Financial Services (Bermuda). This Claimant contends that he entrusted his retirement savings to the brokerage firm and its financial advisor Helen Mei, who spoke his native language.

This retiree is accusing the Respondent of unsuitably recommending this risky offshore entity. Northstar (Bermuda) is now in bankruptcy proceedings. Its owner Greg Lindberg pleaded guilty to annuity fraud.

Even after his investment failed, this investor contends that Cetera promised he would recover his funds. Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this Claimant, who resides in Texas, in FINRA arbitration. He is suing the brokerage firm for up to $500,000. This investor should not have been exposed to offshore products—especially in concentration levels involving most of his assets.

Northstar Bermuda FAQs

Why Are So Many Investors, Especially Chinese Citizens, Suing Cetera Over Northstar (Bermuda) Losses?

This is one of the brokerage firms that marketed and sold Northstar Financial Services (Bermuda) investments to customers.
Many of the Cetera customers who were impacted are Chinese nationals.
A number of these Chinese citizens had US bank accounts with East West Bank, which is how they connected with a Cetera broker.
Dozens of Northstar Financial Services (Bermuda) lawsuits have been filed against Cetera Investment Services in which Claimants have alleged unsuitability, overconcentration, misrepresentations and omissions, due diligence failures, breach of fiduciary duty, and other broker misconduct.

Our skilled Northstar (Bermuda) loss attorneys are representing many investors against Cetera and other brokerage firms. Our Clients are foreign nationals from Japan, China, Europe, and countries all over Latin America.

Why Should You Hire Shepherd Smith Edwards and Kantas Northstar Financial Services Bermuda Lawyers To Represent Your Northstar (Bermuda) Lawsuit?

You want to work with trusted securities lawyers that understand why this investment failed and how to sue your broker for misconduct or negligence.
When you work retain us, you become part of our unit of Northstar (Bermuda) lawsuits against your broker-dealer that is represented by everyone at our firm. This can only increase your chances for a full recovery.
You can trust that you will receive quality securities representation and personalized attention.

Speak with One of Our Northstar Financial Services Bermuda Lawyers Today

To schedule your free case consultation, call (800) 259-9010 or International via WhatsApp: 713-227-2400 (text only) or contact us online.