{"id":93961,"date":"2021-05-04T10:00:00","date_gmt":"2021-05-04T14:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-northstar-financial-services-bermuda-investor-seeks-up-to-5m-in-damages-from-hancock-whitney-investment-services\/"},"modified":"2021-05-04T10:10:10","modified_gmt":"2021-05-04T14:10:10","slug":"inversionista-de-northstar-financial-services-bermuda-reclama-hasta-5-millones-en-danos-de-hancock-whitney-investment-services","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/inversionista-de-northstar-financial-services-bermuda-reclama-hasta-5-millones-en-danos-de-hancock-whitney-investment-services\/","title":{"rendered":"Northstar Financial Services (Bermuda) Investor Seeks Up to $5M in Damages from Hancock Whitney Investment Services"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">May 4, 2021<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212;\u00a0In his Financial Industry Regulatory Authority (FINRA) arbitration claim against Hancock Whitney Investment Services, Inc., a senior investor in <span class=\"xn-location\">Central America<\/span> is seeking up to <span class=\"xn-money\">$5M<\/span> in damages. The senior investor suffered losses when he invested <span class=\"xn-money\">$1.25M<\/span> in <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3145568-1&amp;h=3953051201&amp;u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-financial-services-bermuda.html&amp;a=Northstar+Financial+Services+(Bermuda)\" rel=\"nofollow\">Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>)<\/a> at the recommendation of Hancock Whitney Investment Services broker,\u00a0Robin Platt.\u00a0<\/p>\n<div id=\"prni_dvprnejpg08c8left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg08c8left\" title=\"Shepherd Smith Edwards &amp; Kantas LLP. (PRNewsFoto\/Shepherd Smith Edwards &amp; Kantas LLP)\" border=\"0\" alt=\"Shepherd Smith Edwards &amp; Kantas LLP. (PRNewsFoto\/Shepherd Smith Edwards &amp; Kantas LLP)\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg \"\/><\/div>\n<p>The claimant, a longtime Hancock Whitney Bank client, had mostly invested in bank products and kept his money in checking\/savings accounts. In 2016, Platt recommended the <span class=\"xn-location\">Bermuda<\/span>-based investment, which would go on to make up the majority of the retiree&#8217;s portfolio.\u00a0<\/p>\n<p>Our Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>) broker fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are representing this investor in his FINRA arbitration claim against Hancock Whitney Investment Services.\u00a0\u00a0<\/p>\n<p>It is important to note that generally a\u00a0variable annuity (VA)\u00a0is considered a safe, fixed income alternative. However, this <span class=\"xn-location\">Bermuda<\/span>-based product did not provide the same protections as US-based variable annuities, which made it a riskier proposition.<\/p>\n<p>This VA, specifically, was highly unsuitable for him given his age and risk tolerance level. Now, after losing his entire principal, this claimant is alleging unsuitability, misrepresentations and omissions, negligence,\u00a0failure to supervise, breach of contract, and breach of other duties after suffering significant investment losses.\u00a0<\/p>\n<p>Platt and other Hancock Whitney Investment Services registered representatives likely recommended and sold Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>) to other customers due to the fact that these investments paid:<\/p>\n<ul type=\"disc\">\n<li>Higher commissions <\/li>\n<li>Bonuses <\/li>\n<li>Remunerations<\/li>\n<\/ul>\n<p>Along with other kinds of incentives to brokers that were more than what they would have earned from recommending more conventional bank\/annuity products.\u00a0<\/p>\n<p>Unfortunately, Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>) is no longer solvent and its owner, <span class=\"xn-person\">Greg Lindberg<\/span> is in prison. After filing for bankruptcy protection last year, Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>) must liquidate.<\/p>\n<p>SSEK Law Firm is representing a number of them in their FINRA arbitration cases against their broker-dealers, including a\u00a0$500K customer dispute against J.P. Morgan Securities\u00a0and another <span class=\"xn-money\">$500K<\/span> investor claim against Truist Investment Services.\u00a0<\/p>\n<p>There are also other broker-dealers that sold Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>), including Bankoh Investment Services and Ocean Financial Services.\u00a0<\/p>\n<p>Contact us\u00a0today if you believe that you suffered losses after investing in Northstar Financial Services (<span class=\"xn-location\">Bermuda<\/span>) products.<\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Kirk Smith<\/span><br \/><a target=\"_blank\" href=\"mailto:ksmith@sseklaw.com\" rel=\"nofollow\">ksmith@sseklaw.com<\/a> <br \/>Toll Free: 800-259-9010<br \/>Mexico Toll Free: 800-283-3403<br \/>WhatsApp International (Text Only): 713-224-2400<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3145568-1&amp;h=2594664791&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F334439%2Fshepherd_smith_edwards___kantas_llp_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F334439%2Fshepherd_smith_edwards___kantas_llp_logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg<\/a> <\/p>\n<p>SOURCE  Shepherd Smith Edwards &amp; Kantas LLP<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">May 4, 2021<\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212;\u00a0In his Financial Industry Regulatory Authority (FINRA) arbitration claim against Hancock Whitney Investment Services, Inc., a senior investor in <span class=\"xn-location\">Central America<\/span> is seeking up to <span class=\"xn-money\">$5M<\/span> in damages. The senior investor suffered losses when he invested <span class=\"xn-money\">$1.25M<\/span> in &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":93962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-93961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/93961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=93961"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/93961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/93962"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=93961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=93961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=93961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}