A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in FINRA Arbitration

|

What do you do if you’re a citizen of a foreign country and a broker in the US sold you securities that weren’t the solid investment they claimed? The securities law attorneys at Silver Law Group are preparing to act against those brokers and broker-dealers who were involved. These individuals sold investments in the Bermuda-based Northstar Financial Services Bermuda to foreign investors who wanted a US based investment to protect their assets. Investors in Latin America, Japan, China, and Taiwan who invested in Northstar discovered that the solid vehicle they bought into was anything but. Northstar was not available to US or Bermuda-based investors. Brokers who represented the Northstar investment as safe, secure, and that would guarantee their principal. The company was ordered into bankruptcy in Bermuda in 2020, and is now in bankruptcy litigation. With just $8 million in assets, the company has a deficit and debts totaling $260 million.What do you do if you’re a citizen of a foreign country and a broker in the US sold you securities that weren’t the solid investment they claimed?

The securities law attorneys at Silver Law Group are preparing to act against those brokers and broker-dealers who were involved. These individuals sold investments in the Bermuda-based Northstar Financial Services Bermuda to foreign investors who wanted a US based investment to protect their assets. Investors in Latin America, Japan, China, and Taiwan who invested in Northstar discovered that the solid vehicle they bought into was anything but. Northstar was not available to US or Bermuda-based investors. Continue reading ›

|

Investors are interested in safe investments that can protect their assets and help them grow. Many investors outside of the US were directed to a Bermuda-based company called Northstar Financial Services (Bermuda). Frequently sold by US-based brokers, their products offered alleged high commissions with additional incentives to brokers and broker-dealers overshadowed the best interest of the customers. Many of the investors were foreign nationals who lost their life savings. Unfortunately, the company and its owners are embroiled in a complicated chronicle that has led to criminal charges for the two people involved that cost investors billions. The company is now in liquidation. Investors are interested in safe investments that can protect their assets and help them grow. Many investors outside of the US were directed to a Bermuda-based company called Northstar Financial Services (Bermuda).

Frequently sold by US-based brokers, their products offered alleged high commissions with additional incentives to brokers and broker-dealers overshadowed the best interest of the customers. Many of the investors were foreign nationals who lost their life savings. Continue reading ›

|

scott-silverIt’s not uncommon for employees of nearly any type of business to branch off and form their own company. When that company is a new broker dealer firm and a competitor for the former employer, things get complicated. Especially if that employer is Wells Fargo Advisors.  Continue reading ›

|

Most investors believe their broker and broker-dealer have their best interests in mind when making recommendations. As we’ve reported many times in this blog, that’s not always the case. The SEC’s newest rule, called Regulation Best Interest, nicknamed Reg BI, is the latest in the effort to make the market a safe place for investors. Now, Reg BI has led to its first enforcement action. Silver Law Group represents investors in claims against selling broker-dealers for losses relating to GWG L Bonds and violations of Regulation Best Interest and other FINRA rules and regulations.Most investors believe their broker and broker-dealer have their best interests in mind when making recommendations. As we’ve reported many times in this blog, that’s not always the case. The SEC’s newest rule, called Regulation Best Interest, nicknamed Reg BI, is the latest in the effort to make the market a safe place for investors. Now, Reg BI has led to its first enforcement action. Continue reading ›

|

An investor who lost $1  million investing in variable annuities sold by Northstar Financial Services (Bermuda) has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Hancock Whitney Investment Services, Inc., and the Hancock Whitney broker who concentrated his retirement portfolio in Northstar offerings. The investor, a longtime banking client of Hancock Whitney, is seeking return of his principal and other damages. The investor lost the entirety of his principal when Northstar Bermuda filed for Chapter 15 bankruptcy amid a run on surrender requests. The debt-ridden Bermuda-based Northstar Financial Services (Bermuda) is now in liquidation proceedings, and Greg Lindberg, the owner of its holding company, is also facing SEC charges of misconduct. Silver law Group Has Filed Claims on Behalf of Northstar Financial Services (Bermuda) Investor Victims to Recover Losses Silver Law Group founder Scott Silver and the Law Firm of David Chase have filed claims on behalf of defrauded investors in Northstar to recover their investment losses. These Northstar investors were pitched on the safety and security of Northstar’s fixed and variable rate annuity-type products by their U.S.-based brokerage firms, including Truist Investment Services, Inc. (SunTrust), Bankoh Investment Services, J.P. Morgan Securities, and Ocean Financial Services.An investor who lost $1 million investing in variable annuities sold by Northstar Financial Services (Bermuda) has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Hancock Whitney Investment Services, Inc., and the Hancock Whitney broker who concentrated his retirement portfolio in Northstar offerings. Continue reading ›

|

We’ve written frequently about GWG Holdings, the now-bankrupt Dallas-based company that bought out life insurance policies from people who needed cash more than their policies. The company sold those policies to other investors who would see a return when the original policyholder passed away. Then the company crashed and burned. The L Bonds, as they were called, required patience from investors. After all, the policy payout would come when the original policyholder died. Last August, the company temporarily halted the sales of their L Bonds, leading to a series of events that ended with GWG Holdings declaring bankruptcy in April of 2022. Investors in L Bonds were left with nothing. So, what happened to the investor’s funds that were going to earn them great returns?We’ve written frequently about GWG Holdings, the now-bankrupt Dallas-based company that bought out life insurance policies from people who needed cash more than their policies. The company sold those policies to other investors who would see a return when the original policyholder passed away.

Then the company crashed and burned. Continue reading ›

|

Recent changes to Vanguard Target Date Funds left some individual investors with an unexpected and large tax liability. Vanguard is well-known among savvy investors as a company that has lower fees and user-friendly investment plans. But recent changes left some individual investors holding the bag. Vanguard Target Date Funds (TDF) Vanguard is known for its customer-centered DIY investment planning. Many individual investors want something that’s hands-off instead of something that needs frequent tending. Target-Date Funds are suitable for these types of investors. They can put “all of the eggs in one basket” and let their TDF run on its own. Investors appreciate this popular “set it and forget it” investment plan.Recent changes to Vanguard Target Date Funds left some individual investors with an unexpected and large tax liability.

Vanguard is well-known among savvy investors as a company that has lower fees and user-friendly investment plans. But recent changes left some individual investors holding the bag. Continue reading ›

|

If Cabot Lodge Securities sold you L Bonds from GWG Holdings, Silver Law Group may be able to help you recover your investment losses. GWG Holdings filed for bankruptcy in April, 2022 and it is expected that L Bonds investors will lose a significant amount of their principal.  Silver Law Group represents GWG L Bonds investors in FINRA arbitration claims to recover their investment losses. Contact us at 800-975-4345 for a no-cost, confidential consultation. GWG L Bonds Are Speculative Investments GWG Holdings (GWGH) is a Texas-based financial services company that offers life insurance and alternative investments. L Bonds are a type of bond that buys life insurance policies from the policy holder. Bond investors’ money finances the life insurance policy, and investors are paid when the policy holder dies. L Bonds can offer a higher return than other bonds, but they also involve considerable speculation and high risk. Many investors claim that their broker-dealers, such as Cabot Lodge, did not inform them of the risks of investing in GWG L Bonds when they sold them and instead described them as a safe and secure source of income.If Cabot Lodge Securities sold you L Bonds from GWG Holdings, Silver Law Group may be able to help you recover your investment losses. GWG Holdings filed for bankruptcy in April, 2022 and it is expected that L Bonds investors will lose a significant amount of their principal.

Silver Law Group represents GWG L Bonds investors in FINRA arbitration claims to recover their investment losses. Contact us at 800-975-4345 for a no-cost, confidential consultation. Continue reading ›

|

In the world of investments, it’s vital to understand exactly how and what you’ve chosen to use for your retirement. Most people are familiar with the 401(k) and IRAs, which are usually tax sheltered. But if you’ve placed your investments in something that isn’t tax-sheltered, you may one day face a tax bill or other surprise you weren’t expecting. Earlier this year, investors in Vanguard’s Target Date Retirement Fund found themselves with unexpected and expensive tax bills. The company made changes to their less-expensive commercial target date funds that lowered the threshold for smaller institutional investors that ended up costing retail investors dearly. When Vanguard lowered the minimum for their institutional target date funds to $5 million, the move by those investors to the less expensive funds happened almost immediately. The retail funds needed to sell assets, which led to capital gains shifting to the retail investors. As the remaining investors in the “standard plan,” they had no choice but to pay their tax bills. Investors had no warning that this was happening nor to prepare for an incoming tax bill they weren’t expecting. At issue with the Vanguard’s accounts is that they were not tax-sheltered accounts.In the world of investments, it’s vital to understand exactly how and what you’ve chosen to use for your retirement. Most people are familiar with the 401(k) and IRAs, which are usually tax sheltered. But if you’ve placed your investments in something that isn’t tax-sheltered, you may one day face a tax bill or other surprise you weren’t expecting. Continue reading ›

Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2023, Silver Law Group
JUSTIA Law Firm Blog Design