For Northstar Financial Services (Bermuda) Investors, There Is Still Time To File An Investment Recovery Claim

The securities law firm of Shepherd Smith Edwards and Kantas is representing a Japanese national seeking up to $500,000 in damages from Bankoh Investment Services for alleged broker fraud and unsuitable recommendations involving Northstar Financial Services (Bermuda). The firm continues to represent international investors worldwide to file FINRA arbitration claims and pursue financial recovery following the offshore product’s bankruptcy.

The Securities Law Firm of Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing a Japanese national who is suing Bankoh Investment Services and broker Yoko Farias for up to $500K after she suffered losses in the offshore Northstar Financial Services (Bermuda). This is an older retiree who entrusted her assets to the US-based broker-dealer.

She didn’t even want to invest her money at first, but the Respondents encouraged her to invest. After being reassured that her principal would be preserved and her money would be safe—while touting that there would be returns—this Japanese senior agreed to what has turned out to be an unsuitable investment recommendation.

Bankoh and its broker placed too much of this investor’s money in Northstar (Bermuda), which is an offshore annuity-like product that is very risky and illiquid. Our Client was unaware of these risks. She was blindsided when she suffered serious losses. Meantime, the Respondents earned lofty commissions.

In 2020, Northstar (Bermuda) filed for bankruptcy protection after incurring an estimated over $260M deficit while only being able to report $8M in assets. Our Client was not apprised of these developments.

When this retiree at one point tried to get her money back after the term of her investment in Northstar Financial Services (Bermuda) expired, she couldn’t because the funds were frozen. It is unknown whether investors will get anything back from the bankruptcy proceedings.

Meanwhile, Northstar (Bermuda) owner and CEO Greg Lindberg has since pleaded guilty to defrauding annuity investors.

This investor is seeking financial recovery over her Northstar (Bermuda) investment losses and is accusing Bankoh and Farias of a number of broker fraud claims:

Unsuitability
Undue concentration
Gross lack of supervision
Due diligence failures
Negligence
Misrepresentations and omissions
Breach of contract
Vicarious liability
And more.

The Securities Law Firm of Shepherd Smith Edwards and Kantas is representing many Northstar (Bermuda) investors against Bankoh, Farias, and other brokerage firms and their financial advisors.

Yoko Farias, who is based in Honolulu, Hawaii, was a Bankoh broker from 2001 to 2025. She is now a Cetera Investment Services broker.

Why Are Foreign Nationals Suing Over Northstar (Bermuda) Losses?

It was to non-US citizens that US brokers marketed and sold this offshore product, particularly to investors in Asia, the Caribbean, all over Latin America, and in Europe.
Northstar (Bermuda) is not an investment option for US citizens.
Many of the international investors who were sold these offshore annuities were looking for low-to-no risk investments, as well as a safe haven for their assets.
Brokers appear to have disregarded such objectives, perhaps because of the high commissions they could earn.

I’m An International Investor. How Can I Sue My Broker Over My Northstar Financial Services (Bermuda) Losses

Like US citizens, you likely signed a predispute arbitration clause when you agreed to work with your US-based broker. This means any disagreement you have with your financial advisor will need to be made in FINRA arbitration.
But first, you need to speak with one of our seasoned Northstar (Bermuda) attorneys to assess whether you have grounds for an investor lawsuit against your broker-dealer.
If you do have legal cause for a FINRA claim, it is important to hire a seasoned investment US recovery law firm to fight for you while protecting your legal rights and looking out for your best interests.

Shepherd Smith Edwards and Kantas is that kind of securities law firm. We represent investors all over the world in pursuing financial recovery from brokers whose negligence or misconduct causes financial harm.

Find Out If You Have A Northstar (Bermuda) Investor Claim on Your Hands:

In the US, call: (800) 259-9010

International via WhatsApp: (713) 227-2400