Did You Lose Money Investing with Ankoh Investment Services, Inc. Broker Yoko Farias in Northstar Financial Services (Bermuda) Ltd.?
Posted on Monday, May 3rd, 2021 at 8:01 pm
Erez Law is currently investigating Ankoh Investment Services, Inc. broker Yoko Farias (CRD# 3180126) regarding unsuitable investments in Northstar Financial Services (Bermuda) Ltd. Farias has been registered with Ankoh Investment Services, Inc. in Honolulu, Hawaii since 2001.
The Bermuda-based annuity and life insurance company serves the needs of high net worth clients around the globe. According to public records, Farias recommended Northstar Financial Services (Bermuda) Ltd. as a safe investment for conservative investors.
However, Northstar Financial Services (Bermuda) Ltd. has suspended monthly income distributions as of 2020. It is also reported that it is not likely that Northstar Financial Services (Bermuda) Ltd. will have enough assets to pay back the full amount owed to fixed-rate contract holders. Northstar Financial Services (Bermuda) Ltd. is in the process of liquidation and it has lost most of its value.
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, Ankoh Investment Services, Inc. may be liable for investment or other losses suffered by Farias’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.