Another Chinese investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Cetera Investment Services over losses suffered in Beechwood Bermuda ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=2178077374&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-financial-services-bermuda.html&a=Beechwood+Bermuda ) (a Northstar Financial Services (Bermuda)-related product). Full story here ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=812019591&u=https%3A%2F%2Fwww.investorlawyers.com%2Fblog%2Fbeechwood-bermuda-investor-seeks-damages%2F&a=Full+story+here ). Logo - https://mma.prnewswire.com/media/334439/SHEPHERD_SMITH_EDWARDS___KANTAS_LOGO.jpg This investor also suffered investment losses in the non-traded real estate investment trust ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=753027011&u=https%3A%2F%2Flink.edgepilot.com%2Fs%2F84b8884a%2FC-eDeHD0l0SWpZ_dEAOS4A%3Fu%3Dhttps%3A%2F%2Fwww.investorlawyers.com%2Fnon-traded-and-private-reits.html&a=non-traded+real+estate+investment+trust ), Healthcare Trust Incorporated (HTIA). The claimant alleges negligence, unsuitability, poor supervision, and concentration, among other claims, and is seeking up to $500K in damages. Beechwood Bermuda, formerly known as PB Life and Old Mutual (Bermuda), is now Beechwood Omnia. The company is a division of Northstar Financial Services (Bermuda) which, in 2018, was acquired by Global Bankers and billionaire owner Greg Lindberg. Lindberg was indicted on criminal charges in 2019 and convicted of wire fraud and bribery in 2020. Our investment lawyers represent this Beijing investor and dozens of other investors of Northstar products to recoup their losses. Beijing Investor is Also Alleging Misrepresentations and Omissions Cetera broker Leo Li-Yuan Chien ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=364193628&u=https%3A%2F%2Fbrokercheck.finra.org%2Findividual%2Fsummary%2F4169619&a=Leo+Li-Yuan+Chien ) recommended that the claimant invest $350K of his savings in Beechwood Bermuda, which is now defunct, and $200K in Healthcare Trust, which is in financial trouble. Unfortunately, Cetera did not adequately disclose the risks involved in both investments to the investor. This included, regarding Northstar (Bermuda), in particular: -- This was an unrated product. -- Statutory financial statements, compliance declarations, and capital and solvency returns were not filed at the end of 2018 and 2019. -- Lindberg was indicted in 2019. Healthcare Trust was also unsuitable and too risky for this Chinese investor. Cetera essentially 100% concentrated his funds in risky products even though better-rated, more protected comparable investments were available. Cetera Investment Services also routinely assured this investor that all was well, and no changes needed to be made to his investments, even as Northstar (Bermuda) and Healthcare Trust were experiencing financial woes. SSEK Law Firm represents investors from Asia, the Caribbean, and Latin and Central America in pursuing their financial recovery for losses in Northstar Financial Services (Bermuda) and its related entities. Contact: US: (800) 259-9010 Internationally WhatsApp (text): 712-227-2400 List of Northstar (Bermuda), Beechwood Bermuda/Old Mutual (Bermuda)/Omnia, and PB Investment Holdings products. ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=4256789418&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-financial-services-bermuda.html&a=List+of+Northstar+(Bermuda)%2C+Beechwood+Bermuda%2FOld+Mutual+(Bermuda)%2FOmnia%2C+and+PB+Investment+Holdings+products ) Northstar (Bermuda) FAQs ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=651472974&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-bermuda-faqs.html&a=Northstar+(Bermuda)+FAQs ) ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=359118937&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-bermuda-faqs-chinese.html&a=%E5%8C%97%E6%9E%81%E6%98%9F%E7%99%BE%E6%85%95%E5%A4%A7%E5%B8%B8%E8%A7%81%E9%97%AE%E9%A2%98%E8%A7%A3%E7%AD%94 ) Northstar Bermuda ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=2482499974&u=https%3A%2F%2Fwww.investorlawyers.com%2Fnorthstar-bermuda-faqs-japanese.html&a=Northstar+Bermuda+%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E3%82%88%E3%81%8F%E3%81%82%E3%82%8B%E3%81%94%E8%B3%AA%E5%95%8F ) Northstar Bermuda Preguntas Frecuentes ( https://c212.net/c/link/?t=0&l=en&o=3487705-1&h=1665434257&u=https%3A%2F%2Fwww.investorlawyers.com%2Fpreguntas-frecuentes.html&a=Northstar+Bermuda+Preguntas+Frecuentes ) SOURCE: Shepherd Smith Edwards & Kantas LLP