HONOLULU, May 23, 2022 /PRNewswire/ — Two older investors from Japan have filed a FINRA arbitration request against the broker Bankoh Investment Services and its broker Yoko K.Farias on the losses they suffered in Northstar Financial Services (Bermuda).
Our North Star (Bermuda) investment lawyers represent these two plaintiffs in the FINRA arbitration against Bankoh and Farias. These are two of dozens of investors we’re fighting to help recoup the losses they suffered after their broker marketed and sold Northstar (Bermuda) investments for them.
Bankoh and Farias would have concentrated the applicants in an unsuitable and risky offshore company
Although the applicants now live and are citizens of Japanthey had a bank of Hawaii Account. It was through this financial institution that they discovered Bankoh. Now they’re accusing the brokerage of over-concentrating more than $300,000 of their assets in Northstar Financial Services (Bermuda).
North Star (Bermuda) neglected to fulfill legal obligations at the end of 2018 and 2019, while its billionaire owner Greg Lindberg was charged with crimes in 2019 and Bankoh stopped marketing the company’s products to customers. Bankoh and his financial adviser would never have informed these Japanese investors of the latest developments.
Inexperienced investors wanted security but instead took high risks as Bankoh earned high commissions
These two inexperienced foreign investors claim that Bankoh and Farias promised them that their accounts would be structured for principal protection. Instead, the pair were reportedly focused at Northstar even as they remained oblivious to the perils, allowing Bankoh and Faris to earn high commissions and fees.
Seasoned Northstar (Bermuda) Investor law firm
The law firm SSEK is representing dozens of investors, including foreign nationals from around the world, in a FINRA arbitration in the United States involving Northstar Financial Services (Bermuda) losses.
If you are Northstar (Bermuda) investor who wishes to explore your legal options with the law firm SSEK:
In the United States, call: (800) 259-9010
International Via WhatsApp (text only): 713-227-2400
North Star (Bermuda) FAQs
Contact: Mathew Brown-Watson713-580-8911, [email protected]
SOURCE Shepherd Smith Edwards & Kantas LLP