Elderly Japanese Investors Pursue Northstar (Bermuda) Claim with SSEK Law Firm for Up to $500K
PR96068
Elderly Japanese Investors Pursue Northstar (Bermuda) Claim with SSEK Law Firm for Up to $500K Against Bankoh and Yoko Farias of Pacific Century Investment Services in Honolulu
HONOLULU, May 24, 2022 /PRNewswire=KYODO JBN/ --
Two older investors from Japan have filed a FINRA arbitration claim against the
broker-dealer Bankoh Investment Services and its broker Yoko K. Farias over
losses they sustained in Northstar Financial Services (Bermuda) (
).
Our Northstar (Bermuda) investment lawyers are representing these two claimants
in FINRA arbitration against Bankoh and Farias. They are two of the dozens of
investors for whom we are fighting to help recover their losses they sustained
after their broker-dealer marketed and sold Northstar (Bermuda) investments to
them.
Bankoh and Farias Allegedly Concentrated Claimants In Unsuitably, Risky,
Offshore Company
While the claimants now live in and are citizens of Japan, they had a Bank of
Hawaii account. It was through this financial institution that they were
introduced to Bankoh. Now, they are accusing the brokerage firm of
overconcentrating more than $300K of their assets in Northstar Financial
Services (Bermuda).
Northstar (Bermuda) neglected to fulfill statutory disclosures at the end of
2018 and 2019, while its owner billionaire Greg Lindberg was indicted of crimes
in 2019, and Bankoh ceased to market the company's products to customers.
Bankoh and its financial advisor allegedly never informed these Japanese
investors of the latest developments.
Inexperienced Investors Wanted Safety, Instead Got High Risks While Bankoh
Earned High Commissions
These two inexperienced foreign investors claim that Bankoh and Farias
allegedly promised them that their accounts would be structured for principal
protection. Instead, the couple were allegedly concentrated in Northstar even
as they remained oblivious to the perils, allowing Bankoh and Faris to earn
high commissions and fees.
Read More About Northstar Financial Services (Bermuda), Its Products, and
Related Entities (
https://c212.net/c/link/?t=0&l=en&o=3540399-1&h=263266394&u=https%3A%2F%2Flink.edgepilot.com%2Fs%2F8ef9bc9e%2FgN_A9FAptEac3JFqNzVWNg%3Fu%3Dhttps%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-financial-services-bermuda.html&a=Northstar+Financial+Services+(Bermuda)%2C+Its+Products%2C+and+Related+Entities
).
Seasoned Northstar (Bermuda) Investor Law Firm
SSEK Law Firm is representing dozens of investors, including foreign nationals
from all over the world, in FINRA arbitration in the US over Northstar
Financial Services (Bermuda) losses.
If you are Northstar (Bermuda) investor who would like to explore your legal
options with SSEK Law Firm:
In the US call: (800) 259-9010
International Via WhatsApp (text only): 713-227-2400
Northstar (Bermuda) FAQs (
)
Northstar Bermuda (
)
Northstar Bermuda Preguntas Frecuentes (
)
Contact: Mathew Brown-Watson, 713-580-8911, mbwatson@sseklaw.com
SOURCE: Shepherd Smith Edwards & Kantas LLP
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