The tally of investors seeking compensation from their broker-dealer for losses incurred on account of their unsuitable recommendation of Northstar Financial Services (Bermuda), which has filed for bankruptcy and is undergoing liquidation proceedings. keeps rising. The latest is an elderly investor from Venezuela who is seeking a six-figure sum as compensation from his brokerage firm […]
Past actions seem to be catching up fast with Durham, NC resident Greg Lindberg, already in prison for bribery, wire fraud, and conspiracy to commit honest services fraud. The owner of bankrupt Northstar Financial Services (Bermuda) has been slapped with a lawsuit for payment of $524 million to honor an agreement between PB Life and
Northstar Financial Services (Bermuda) Lawsuit Filed For +$500 Million Read More »
Investor woes regarding their investments in the Bermuda-based Northstar Financial Services, which has since filed for bankruptcy protection, keep pouring in. All over the globe people have been impacted as the Northstar Financial Services (Bermuda) products were aggressively sold by brokers, many seemingly in pursuit of the generous commissions and incentives promised by Northstar, like
FINRA Claims Mount as Northstar (Bermuda) – Loss Recovery Options Read More »
The unraveling of Northstar Financial Services (Bermuda), Limited, has triggered a series of lawsuits by investors against brokerage firms for misrepresentation and unsuitability for selling the company’s insurance and investment products to them. Bankoh Investment Services, a nonbank subsidiary of Bank of Hawaii, SunTrust Investment Services, Inc., and Ocean Financial Services, LLC, are some of
Northstar Financial Services (Bermuda): Lawsuits and Recovery Options Read More »
The investment being safe, secure, and liquid and the freedom to withdraw whenever required, minus a small surrender fee, were the assurances provided by broker Maria Florencia Calcena, then a registered representative of Ocean Financial Services, based on which $245K was invested by a former client in a product from Northstar Financial Services (Bermuda) Ltd.,
$245k Northstar Financial Services Complaint Against Maria Calcena (Ocean Financial) Read More »