Senior Investor Fraud Lawyers

Are You A Retiree Whose Citizens Securities Broker Sold You Colorado Bankers Life Insurance Annuity?

Our Trusted Senior Investor Fraud Lawyers May Be Able To Help You Recoup Your Losses

Shepherd Smith Edwards and Kantas team of Senior Investor Fraud Lawyers ( are helping many of the investors who suffered losses in Colorado Bankers Life Insurance and the other insurance companies owned by Greg Lindberg. This includes, most recently, filing another FINRA lawsuit against brokerage firm Citizens Securities, Inc. on behalf of a Florida retiree who is seeking up to $500K in damages.

The claimant contends that Citizens Securities broker Shilpa Patel allegedly unsuitably recommended CB Life Annuity while misrepresenting this investment as being in line with this conservative and inexperienced investor’s risk tolerance level. In fact, this annuity charged high sales commissions and was not as highly rated as other investments in its class. Not only that, but also the broker-dealer didn’t fully disclose the risks involved and placed way more of this claimant’s money in the annuity than the amount of coverage that the state provides. Citizens Securities also purportedly overconcentrated a significant amount of the investors’ assets in Colorado Bankers Life Insurance.

A Boca, Raton FINRA arbitration panel will hear this annuities fraud lawsuit.

What Should You Do If You Suffered Losses in CB Life Annuity? 

Unfortunately, thousands of investors, including many older investors and retirees, have suffered losses in Colorado Bankers Life Insurance and other Lindberg-owned properties. Meanwhile, the insurance magnate is facing more criminal charges and is accused of running a $2B scam. Citizens Securities is one of the many broker-dealers now accused of due diligence failures and unsuitability related to its marketing and sale of Lindberg annuities, including those issued by:

  • Colorado Bankers Life Insurance
  • Northstar Financial Services (Bermuda)
  • Bankers Life Insurance
  • PB Investment Holdings
  • Southland Insurance Corporation
  • Southland Reinsurance Corporation

If you are one of these investors, contact our seasoned annuity investor loss lawyers to request your free, no-obligation case assessment. Not only can we help you determine whether you have grounds for a legal claim against your broker-dealer, but also, we can help you explore your legal options.

Why Hire Our Seasoned Annuity Fraud Law Firm To Represent You in Your Colorado Bankers Life Insurance Claim?

For the last few years, Shepherd Smith Edwards and Kantas have represented over 100 investors in pursuing damages from the many brokerage firms who earned high commissions by placing their money in these annuities and annuity-like products. Now, their assets are frozen and their investments are possibly worthless.

When you hire our experienced annuity fraud lawyers, you are retaining the services of our entire team—all of whom have spent years conducting deep-dive investigations into the annuity losses involving Lindberg-owned insurers while going after the broker-dealers who should be held liable. Should we agree to work together, you will benefit from being part of a unit of securities claims in which our investment fraud law firm will harness our resources, savvy, and manpower to make sure you receive the quality, personalized legal representation that your case needs.

With over 30 years exclusively representing investors in litigation, mediation, and arbitration, we have helped thousands of retail investors, retirees, high-net-worth investors, institutional investors, and others to collectively recover many millions of dollars in damages from broker-dealers and investment advisers.

How To Contact Us About Your Colorado Bankers Life Insurance Annuity Losses: 

As Shepherd Smith Edwards and Kantas Partner and annuity fraud attorney Kirk Smith noted in The Wall Street Journal, suing your broker-dealer for damages may be the best way to maximize your chances for a full financial recovery.

Throughout the US, call (800) 259-9010 today or email us online.

If you are a Florida retiree or another investor in The Sunshine State, contact one of our dedicated retirement loss lawyers locally at  (813) 560-2992.


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