Northstar Financial Services Ltd. Investment Loss Options
Posted on Monday, February 8th, 2021 at 8:59 pm
Erez Law is currently investigating brokers across the country, including those registered with SunTrust Investment Services, who recommended their clients invest in Northstar Financial Services Ltd. (NorthStar Healthcare REIT), the Bermuda-based annuity and life insurance company that serves the needs of high net worth clients around the globe. According to public records, brokers across the country recommended Northstar Financial Services Ltd. as a safe investment for conservative investors; however, Northstar Financial Services Ltd. has ceased suspended monthly income distributions.
Products offered by Northstar Financial Services Ltd. include:
- Global Advantage Plus Series
- Global Advantage Select
- Global Index Product
- Global Interest Accumulator
- Global VIP Elite
In Late December 2020, NorthStar Healthcare REIT lowered its estimated net asset value to $3.89 per share, as of June 30, 2020. The REIT’s previous NAV was $6.25 per share, as of June 30, 2019, according to the DIWire.
In September 2020, Northstar Financial Services Ltd. began a liquidation process and has lost most of its value.
In 2018, Northstar Financial Services Ltd. was acquired by Global Bankers, a North Carolina-based conglomerate owned by Greg Lindberg.
In March 2020, the Department of Justice convicted Greg Lindberg, the founder and chairman of Northstar Financial Services Ltd., of public corruption and bribery charges, for orchestrating a bribery scheme involving independent expenditure accounts and improper campaign contributions.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, brokerage firms across the country may be liable for investment or other losses suffered by its customers who lost money investing in Northstar Financial Services Ltd.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.