PR90598

Japanese Investor Represented by Shepherd Smith Edwards and Kantas, Says Bancwest Investment Services Recommendation Northstar Financial Services (Bermuda) Caused Six-Figure Loss

LOS ANGELES, July 13, 2021 /PRNewswire=KYODO JBN/ --

An investor in Nagoya, Japan has filed a FINRA arbitration case against

Bancwest Investment Services after she suffered six-figure losses in Northstar

Financial Services (Bermuda) (https://www.investorlawyers.com/northstar-financial-services-bermuda.html ).

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The claimant, who is an inexperienced investor, was referred to her Bancwest

Investment Services broker by Bank of the West, which was her bank at the time.

Now, she is requesting up to $500K in damages. This claimant contends that her

Bancwest Investment Services broker, who spoke Japanese, advised that she

invest her funds in Northstar investment products rather than keeping her money

in savings and checking accounts.

This financial advisor told her this product was so safe, with minimal risks,

that it was even suitable for retirees. Instead, this off-shore entity likely

now has an over $260M deficit and toward the end of last year was only able to

report $8M in assets.

Our Northstar Financial Services (Bermuda) investment fraud attorneys are

representing this claimant and other investors in their FINRA arbitration claim.

Bancwest Investment Services is just one of many brokerage firms that we are

pursuing damages from on behalf of investors who were unsuitably recommended

and sold Northstar Financial Services (Bermuda) fixed- and variable-rate

annuity and investment products. This offshore entity is now in liquidation

proceedings (https://c212.net/c/link/?t=0&l=en&o=3225484-1&h=2277028909&u=https%3A%2F%2Fwww.investorlawyers.com%2Fblog%2Fnorthstar-financial-services-bermuda-to-liquidate-after-extension-request-denied%2F&a=liquidation+proceedings

) after filing for bankruptcy.

SSEK Law Firm is also representing investors of Northstar Financial Services

(Bermuda) products in the United States and internationally.

Below, is a list of the Northstar Financial investment products and the

variable annuities being sold by various US-based brokers to investors both

nationally and internationally.

  - Global VIP Elite

  - Global Advantage Plus Series

  - Global Index Product

  - Global Advantage Select

  - Global Interest Accumulator

Although there is nothing wrong with selling off-shore products to investors

both in the US and abroad, Northstar Financial (Bermuda) products have proven

to be an unsafe and risky investment for investors that trusted their brokers'

recommendations. Your best chance for financial recovery is to retain the legal

services of seasoned FINRA arbitration lawyers. Contact Shepherd Smith Edwards

and Kantas (SSEK Law Firm at investorlawyers.com) for a free consultation.

Contact:

Kirk Smith: ksmith@sseklaw.com

US Toll Free: (800) 259-9010

Internationally: text us via WhatsApp at (713) 227-2400

Northstar Bermuda FAQs (https://c212.net/c/link/?t=0&l=en&o=3225484-1&h=1798304999&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-bermuda-faqs.html&a=Northstar+Bermuda+FAQs)

Northstar Bermuda (https://c212.net/c/link/?t=0&l=en&o=3225484-1&h=1011868713&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-bermuda-faqs-japanese.html&a=Northstar+Bermuda+%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E3%82%88%E3%81%8F%E3%81%82%E3%82%8B%E3%81%94%E8%B3%AA%E5%95%8F)

Source - Shepherd Smith Edwards & Kantas LLP