NEW YORK, Oct. 15, 2021 /PRNewswire/ -- A Northeast
investor has filed a FINRA arbitration claim against brokerage firm
Raymond James Financial Services, Inc. over his Northstar
Financial Services (Bermuda) investment losses. Our
investment fraud law firm is representing him in his FINRA
arbitration claim.
The claimant contends that the off-shore investment was
unsuitably recommended to him by Sarah
Komischke, also known as Xiao Qin
Komischke, while she was with Raymond James. Komischke is currently a Cetera
Investment Services broker.
After investing $250K in the
off-shore investment, the claimant is now seeking up to
$500K in damages for his losses.
If you are an investor who suffered significant losses in
Northstar Financial Services (Bermuda), call Shepherd Smith Edwards and
Kantas (SSEK Law Firm at investorlawyers.com) today
at (800) 259-9010.
The claimant is an inexperienced investor and now lives in the
Northeast but is a foreign national who sought safe haven for his
assets in the United States. A
then-client of the United Nations Federal Credit Union (UNFCU), he
mostly invested in savings/checking accounts and bank
products. Komischke never told the investor about the risks
involved with Northstar products, misrepresenting it as a safe
investment.
Northstar Financial Services (Bermuda) has since gone bankrupt and is
undergoing liquidation proceedings. Its owner, billionaire
Greg Lindberg is serving time in
prison for wire fraud and bribery.
In his FINRA arbitration case, this investor is now alleging the
following:
- Misrepresentations and omissions
- Overconcentration
- Unsuitable investment recommendations
- Breach of contract
- Gross negligence
- Breach of fiduciary
He is also claiming failure to supervise by the brokerage firms,
which, along with their financial advisors, earned high commissions
and other fees from selling Northstar Financial Services
(Bermuda) to its
customers.
At SSEK Law Firm, we have a team of experienced attorneys that
are currently going after the brokerage firms that sold Northstar
Financial Services (Bermuda)
products to their customers, including SunTrust's Truist Investment
Services, Unionbanc Investment Services, Hancock Whitney
Investment Services, J.P. Morgan Securities, Bankoh Investment
Services, Ocean Financial Services LLC and others.
You can read our FAQ page for questions that investors
have about Northstar Financial Services (Bermuda). Call us at (800)
259-9010 today for your free, no-obligation case
consultation.
Contact:
Kirk Smith
Ksmith@sseklaw.com
US Toll-Free (800) 259-9010
Internationally, via WhatsApp (text only) at 713-227-2400
Northstar Bermuda FAQs
Northstar Bermuda Preguntas Frecuentes
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SOURCE Shepherd Smith Edwards & Kantas LLP