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A Recap Of Why Many Broker-Dealers Owe Northstar Financial Services (Bermuda) Investors For Their Losses. Our Annuity Fraud Lawyers Are Representing More Than 100 Claimants In FINRA Arbitration
Over the past few years, Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers (investorlawyers.com) have become the securities law firm to reach out to if you are an investor whose US-based broker-dealer unsuitably marketed and sold Northstar Financial Services (Bermuda) investments, such as:
- Global Advantage
- Global Advantage III, V
- Global Advantage Select
- Global Interest Accumulator
- Global Investment Plan
- Global Index Protect
- Global Variable Annuity
- Global VIP
- Global VIP Elite
- Met Group Variable Deferred Annuity
- Met Global Asset Portfolio
- Met Universal Life
- Met Variable Universal Life
Unfortunately, there are financial advisors that appear to have disregarded the best interests of thousands of investors, particularly foreign nationals seeking minimal to no risk. Instead, these brokers involved customers in these offshore annuities to the degree that now many of them have suffered investment losses.
Northstar (Bermuda) investors are from Asia, South America, Central America, Latin America, and Europe. It doesn’t matter whether you are a non-US citizen and/or reside abroad, you deserve seasoned securities representation that can help you file a solid investment loss recovery claim on your behalf in this country.
What Happened To Northstar Financial Services (Bermuda)?
This offshore, obscure entity was acquired by Global Bankers and its owner, Greg Lindberg, in 2018. Lindberg has since pleaded guilty to fraud. He has long been suspected of funneling money from his different annuity and insurance companies to other entities under his control. By the time Northstar (Bermuda) filed for bankruptcy in late 2020, it was in hundreds of millions of dollars in debt.
Unfortunately, many international investors were sold Northstar (Bermuda) as a safe investment when, in fact, it lacked the kind of regulations and protections offered by comparable US-based investments.
What these annuities did offer was high commissions to broker-dealers and their financial advisors. Because of this, many investors, including retirees, have sustained serious losses from risky annuities that were unsuitable for them from the start.
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There is also growing evidence that many brokers had a chance to pull customers out of Northstar Financial Services (Bermuda) as the red flags started to mount. Instead, many annuity investors were reassured that their investments were continuing to keep their assets safe.
What To Do If You Suspect You Have A Northstar (Bermuda) Loss Claim Against A Brokerage Firm?
Contact our Annuity Fraud Lawyers today to request your free, initial case consultation. We know how devastating it can be to sustain serious portfolio losses, especially when they could have been avoided.
A lot of the international investors that ended up with Northstar Financial Services (Bermuda) annuities had specifically looked to the US as a safe haven for their money, including their retirement savings.
If we decide to work together, you will become part of our unit of Northstar (Bermuda) claims that are represented by our entire firm. Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers are committed to offering skilled securities representation to each client. More than 90% of investors we have worked with received full or partial financial recovery in arbitration, mediation, or litigation.
Call our Annuity Fraud Lawyers at (800) 259-9010 or fill out this form.
International, via WhatsApp: (713) 227-2400 (text only)