Entering text into the input field will update the search result below

Soreide Law Group Files Has Filed Two FINRA Arbitration Claims Against SunTrust Investment Services, Inc., For The Sale Of Northstar Financial Services (Bermuda) Ltd.

Sep. 04, 2020 10:03 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


  • 2 Separate FINRA Arbitration Claims Filed Against SunTrust Investment Services.
  • Claims Dramatic Losses In Northstar Financial Services (Bermuda) Ltd.
  • Soreide Law Group Is Investigating Losses Related To Northstar Financial Services (Bermuda) Ltd.

Investors have hired the securities arbitration law firm Soreide Law Group to recover their combined more than $500,000 in losses from investments made through SunTrust Investment Services. Both Claimants were banking client of SunTrust who were looking for the most conservative investments akin to a bank CD. SunTrust invested the Claimants funds into Northstar Financial Services (Bermuda) Ltd. (“Northstar”) allegedly calling it “fully guaranteed”.

Both Claimants live outside the USA in Ecuador and Portugal. The promised “guaranteed returns” of Northstar Financial Services (Bermuda) Ltd., was not much greater than bank CDs. The Claimants allegedly were offered multiple verbal assurances of the investment were safe, secure, and totally liquid and that she would just have to pay a small surrender fee to get their money out at anytime. The combined $500,000 invested by the two claimants may prove to be a total loss as Northstar has provided little to no information to their customers as to where their money is or what it was invested in. After numerous attempts to try to redeem their funds the Claimants have not been able to redeem any money at all.

The Claimants redemption requests go back to early 2019 when all their funds were contractually owed to them by Northstar. SunTrust has offered little to no help to the Claimants telling one of Soreide Law Group’s clients that “it is between you and Northstar” leaving the Claimants no choice but to file the lawsuit against SunTrust for their negligent recommendation. If you lost money with any broker in Northstar Financial Services please contact Soreide Law Group today at 1 (888)760-6552.

The lawsuit filed on behalf of the Claimants accuses SunTrust of negligence, breach of fiduciary duty, negligent supervision and violation of Florida’s Investor Protection Act. SunTrust has not yet filed an Answer to the lawsuit but deny any wrongdoing.

Both lawsuits are being arbitrated through Finra case # 20-02877 and 20-02941. Soreide Law Group also represents other 4 other investors in separate actions involving Northstar by investors who invested through the brokerage firms of Ocean Financial Services, LLC and Bankoh Investment Services, Inc. If you were a former customer of SunTrust Investment Services and sustained substantial losses in Northstar Financial Services (Bermuda) Ltd., contact Soreide Law Group today for a free consultation. We represented investors nationwide through the FINRA Dispute Resolution Forum and only get paid out of the successful settlement or award proceeds should we able to recover your losses. For more information call (888) 760-6552 or visit Securities Lawyers Helping Victims of Investment Fraud At FINRA

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.