{"id":10389,"date":"2022-01-11T10:43:44","date_gmt":"2022-01-11T15:43:44","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10389"},"modified":"2022-01-11T10:43:44","modified_gmt":"2022-01-11T15:43:44","slug":"northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses\/","title":{"rendered":"Northstar Financial Services (Bermuda)\u2014Who Is Liable And Why Your Broker May Be Responsible For Your Northstar Losses"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9548 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Northstar.jpg\" alt=\"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\u2014your broker or investment agent.  Of course, Northstar (and Lindberg) has the primary responsibility for your losses, so you can\u2014and should\u2014file 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\u2019ll probably be getting just pennies on the dollar.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Northstar.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Northstar-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>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? <a href=\"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses\/#more-10389\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,595],"tags":[],"class_list":["post-10389","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Northstar Financial Services (Bermuda) Losses\u2014Why Your Broker May Be Responsible<\/title>\n<meta name=\"description\" content=\"With Northstar Financial Services (Bermuda) Ltd. in bankruptcy liquidation, and its former owner Greg Lindberg in prison, who is responsible?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Northstar Financial Services (Bermuda) Losses\u2014Why Your Broker May Be Responsible\" \/>\n<meta name=\"twitter:description\" content=\"With Northstar Financial Services (Bermuda) Ltd. in bankruptcy liquidation, and its former owner Greg Lindberg in prison, who is responsible?\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/Northstar.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Northstar 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by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses\/","url":"https:\/\/www.silverlaw.com\/blog\/northstar-financial-services-bermuda-who-is-liable-and-why-your-broker-may-be-responsible-for-your-northstar-losses\/","name":"Northstar Financial Services (Bermuda) Losses\u2014Why Your Broker May Be 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