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Articles Tagged with Beechwood Bermuda

Cetera Investment Services Named in Chinese Couple’s 7-Figure Beechwood Bermuda Claim

Published on: June 2, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Cetera Investment Services Broker Xinxin Lu May Have Overconcentrated Couple’s Account in Obscure, Offshore Investment

Our seasoned securities lawyers have filed a Financial Industry Regulatory Authority (FINRA) arbitration case against Cetera Investment Services on behalf of two Chinese investors. These investors seek up to $5M in damages for losses they sustained in Beechwood Bermuda. The claimants, an older couple who have health issues, worked with former Cetera broker Xinxin Lu (also known as Stella Lu).

Beechwood Bermuda (formerly known as PB Life) is a division of Northstar Financial Services (Bermuda). Both are offshore entities that are now defunct and were owned by billionaire Greg Lindberg. He is now in prison for bribery and wire fraud.

Beechwood Bermuda Investor Seeks Up to $500K From Cetera and Broker Leo Li-Yuan Chien

Published on: March 28, 2022 | by Shepherd Smith Edwards & Kantas, LLP

Beechwood Bermuda Investor Was Unsuitably Recommended Non-Traded REIT Healthcare Trust

Another Chinese investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Cetera Investment Services over losses suffered in Beechwood Bermuda (a Northstar Financial Services (Bermuda)-related product).

This investor also suffered investment losses in the non-traded real estate investment trust, Healthcare Trust Incorporated (HTIA). The claimant alleges negligence, unsuitability, poor supervision, and concentration, among other claims, and is seeking up to $500K in damages.