Claimant Alleges Unsuitable Offshore Investment Led to Significant Losses
An investor who lives in Trinidad and Tobago has filed an arbitration claim against Truist Investment Services over losses he sustained in Northstar Financial Services (Bermuda). The claimant seeks up to six figures in damages. His broker allegedly advised him to invest in this risky, offshore-like annuity product. These recommendations happened despite the claimant stating he was seeking safety and security for his family’s assets.
Our Northstar (Bermuda) investment attorneys represent this investor in FINRA arbitration against Truist Investment Services. Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represents many other claimants against Truist, a SunTrust Investment Services, Inc. broker-dealer subsidiary.