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Articles Posted in FINRA Arbitration

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It was an investment strategy that was supposed to have limited ties with the market or even a single stocks position. The plan was to deliver consistent income with a minimal amount of risk. Touted as a low-risk alternative to traditional investing, the YES strategy offered an alleged safer  investment with a strong probability of successful returns. Unfortunately, that's not quite what happened. The YES Strategy Developed by four investment advisors while at Credit Suisse, the Yield Enhancement Strategy, or YES, was offered to the firm’s most affluent and experienced advisory clients. When they moved to UBS, they took this investment strategy with them.It was an investment strategy that was supposed to have limited ties with the market or even a single stocks position. The plan was to deliver consistent income with a minimal amount of risk.

Touted as a low-risk alternative to traditional investing, the YES strategy offered an alleged safer  investment with a strong probability of successful returns. Continue reading ›

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If you are among the investors who lost money due to the Northstar Financial Services (Bermuda) Ltd., Omnia Ltd., or the Puerto Rico-based PB Life and Annuity Co. Ltd., you should have experienced securities attorneys presenting you. Silver Law Group is an experienced team of lawyers who represent victims of securities and investment fraud. Silver Law already represents other Northstar claimants in FINRA arbitrations, and the firm’s team continues to investigate their and other claims. Silver Law has a long track record of success in these types of cases: Silver Law is a nationally-recognized securities law firm, and we specialize in helping investors recover losses from unscrupulous brokers. Our clients range the gamut, from individual investors who have lost their retirement savings and investment consortiums to large class actions. And with offices in New York and Florida, we serve clients from around the world—with frequent work in Latin America and the Caribbean. (Para clientes de habla hispana, haga clic aquí para obtener más información.) In the decade since Silver Law first opened its doors, its lawyers have recovered tens of millions of dollars for its clients, in FINRA arbitrations and court proceedings.If you are among the investors who lost money due to the Northstar Financial Services (Bermuda) Ltd., Omnia Ltd., or the Puerto Rico-based PB Life and Annuity Co. Ltd., you should have experienced securities attorneys presenting you. Silver Law Group is an experienced team of lawyers who represent victims of securities and investment fraud. Continue reading ›

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Understandably, investors who have lost money in the bankruptcy of Northstar Financial Services (Bermuda) Ltd. have many questions to ask. Many, of course, are specific to their investment accounts, and to answer those, a phone call or email with counsel may be better. But we can address a few common questions our clients have been asking, to help Northstar investors better understand the issues they’re facing. Can I get my money back? Unfortunately, it’s unlikely that you will receive all of your investment, but you may be able to recover some losses as a creditor. Also, if warranted, you may recover money from your broker-dealer if they are liable for breach of fiduciary duties or other claims arising out of their promotion of Northstar investment products. If I go after my broker, does that mean giving up my Northstar claim? No, these are separate proceedings, and one doesn’t impact the other.Understandably, investors who have lost money in the bankruptcy of Northstar Financial Services (Bermuda) Ltd. have many questions to ask. Many, of course, are specific to their investment accounts, and to answer those, a phone call or email with counsel may be better. But we can address a few common questions our clients have been asking, to help Northstar investors better understand the issues they’re facing. Continue reading ›

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If you are among the investors who lost money due to the Northstar Financial Services (Bermuda) Ltd. bankruptcy, there are ways to recover your investments. You probably will not recoup everything, but some recovery is possible from the liquidation. Silver Law Group already represents many investors in securities arbitration claims against the selling stockbrokers. First, you can fill a creditor claim in Northstar’s bankruptcy proceedings. But there are specified classes of creditors and strict requirements in terms of their eligibility for compensation. Next, you can sue Northstar and its former owner Greg Lindberg. However, your case can’t go forward while Northstar and other Lindberg-owned entities are still in bankruptcy proceedings. By the time a bankruptcy stay is lifted, any money you’d hope to win in a lawsuit may be gone.If you are among the investors who lost money due to the Northstar Financial Services (Bermuda) Ltd. bankruptcy, there are ways to recover your investments. You probably will not recoup everything, but some recovery is possible from the liquidation. Silver Law Group already represents many investors in securities arbitration claims against the selling stockbrokers. Continue reading ›

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With Northstar Financial Services (Bermuda) Ltd. in bankruptcy liquidation, and its former owner Greg Lindberg in prison, everyone with a Northstar investment account must be asking some version of these questions: Who is responsible for this? Is there anyone who can be made to pay back some of my losses? The short answer is: Yes, there is someone who you can probably hold accountable—your broker or investment agent. Of course, Northstar (and Lindberg) has the primary responsibility for your losses, so you can—and should—file a creditor claim with the bankruptcy court. But hundreds, if not thousands, of other creditors are vying for compensation. And the amount Northstar owes everyone vastly outnumbers its assets. (Last year, Northstar owed $260 million but only had $8 million in assets.) Therefore, if you recover anything from the bankruptcy proceeding, you’ll probably be getting just pennies on the dollar.With Northstar Financial Services (Bermuda) Ltd. in bankruptcy liquidation, and its former owner Greg Lindberg in prison, everyone with a Northstar investment account must be asking some version of these questions: Who is responsible for this? Is there anyone who can be made to pay back some of my losses? Continue reading ›

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NorthstarNorthstar Financial Services (Bermuda) Ltd. is one of the dozens of firms in the US and abroad owned by businessman Greg E. Lindberg, now facing bankruptcy and other litigation. And investors are scrambling to recover their lost investments. Current estimates are that 1,773 Northstar account holders have potential claims totaling $426,825,594. Lindberg bought Northstar in 2018. Even then, Northstar, a Bermuda investment firm founded in the 1990s, was said to be on financially shaky ground, offering investment products much less secure than they were marketed to be. But just months after the acquisition, allegations began to surface that Lindberg was using the assets of his companies like Northstar—insurance and investment companies—to keep his other business interests afloat. Lindberg had allegedly taken $2 billion from his U.S. insurance companies to cover investments (and debts) of the other companies—while untold amounts went to his personal gain. Financial Services (Bermuda) Ltd. is one of the dozens of firms in the US and abroad owned by businessman Greg E. Lindberg, now facing bankruptcy and other litigation. And investors are scrambling to recover their lost investments. Current estimates are that 1,773 Northstar account holders have potential claims totaling $426,825,594. Continue reading ›

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If your financial advisor or broker sold you shares of Chegg, Inc. (CHGG), Silver Law Group may be able to help you recover your investment losses. If you have losses from investing in Chegg, Inc (CHGG), please contact Silver Law Group today for a no-cost consultation about options to recover your losses at (800) 975-4345 or at ssilver@silverlaw.com. Chegg, Inc. is an education technology company based in California that held its initial public offering (IPO) in 2013 and trades under the symbol CHGG. The company's stock has recently experienced a significant decline in its share price. After market close on November, 1, 2021, Chegg released disappointing earnings for the third quarter. The next day the stock closed down about 50% from the previous day. As of this writing, the stock trades at about $30 per share and has a market cap of $4.4 billion. Pearson Education, a textbook publishing company, recently filed suit against Chegg alleging the company is infringing on Pearson’s copyright. The lawsuit was brought months after the end of a partnership between the two companiesIf your financial advisor or broker sold you shares of Chegg, Inc. (CHGG), Silver Law Group may be able to help you recover your investment losses.

If you have losses from investing in Chegg, Inc (CHGG), please contact Silver Law Group today for a no-cost consultation about options to recover your losses at (800) 975-4345 or at ssilver@silverlaw.com. Continue reading ›

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In April, 2021, Silver Law Group and the Law Firm of David Chase filed the first arbitration claims on behalf of investors who lost virtually their entire life savings in fixed and variable annuity insurance products sold by Northstar Financial Services (Bermuda). The offshore Northstar Bermuda is now in court-ordered liquidation proceedings with anticipated debts of $265 million, after relying for years on U.S. brokerages to pitch its risky investment products to unsuspecting investors as being safe and secure. The complaints, filed with the Financial Industry Regulatory Association (FINRA) seek compensatory and punitive damages against the brokerage firm and the brokers who sold the claimant-investors on Northstar annuities without properly warning about the risks involved in off-shore investment or adequately investigating the “complex, risky, speculative, and illiquid nature” of Northstar’s investment products.In April, 2021, Silver Law Group and the Law Firm of David Chase filed the first arbitration claims on behalf of investors who lost virtually their entire life savings in fixed and variable annuity insurance products sold by Northstar Financial Services (Bermuda). Continue reading ›

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