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Zamansky LLC Investigates Sales of Northstar Financial Services (Bermuda)

September 21, 2021 Investigations

Investment fraud attorney Jake Zamansky and his team are investigating potential legal claims of fraud, misrepresentation, unsuitability and sales practice violations on behalf of investors who purchased any Northstar Financial Services (Bermuda) Ltd. annuity or investment product (“Northstar”), through a FINRA-member brokerage firm.  Northstar is currently under bankruptcy liquidation in Bermuda and its owner, Greg Lindberg, was convicted of federal wire fraud and bribery charges.  

Before it went bankrupt, Northstar Financial Services offered fixed- and variable-rate annuity and investment products that were heavily promoted through high commissions, bonuses and other financial incentives.  FINRA-member brokerage firms and stockbrokers are required to conduct “reasonable basis” due diligence and research on investments like Northstar. Northstar’s products were never suitable or appropriate for retirees or other income-seeking investors who wanted to avoid speculative risk.

Did You Invest in Northstar? Get Immediate Assistance From an Investment Fraud Attorney

If you invested in Northstar, you should contact investment fraud attorney Jake Zamansky at 212-742-1414, or by email at jake@zamansky.com, for an evaluation of whether you were the victim of possible securities fraud, investment fraud, misrepresentation, breach of fiduciary duty and other sales violations.