03/24/2026
We enjoyed representing a Northstar Bermuda investor and victim of convicted fraudster Greg Lindberg's scheme who last Friday received a well-managed damages arbitration award totaling over $2.75 million against his brokerage firm, Truist Investment Services, Inc. f/k/a Suntrust Investment Services. Bixby Law PLLC argued that there were substantial red flags that brokerage firms should have informed and warned their clients of regarding Northstar Bermuda and Greg Lindberg in 2018, 2019, and 2020 prior to the Bermuda Monetary Authority liquidation of Northstar Bermuda.
The FINRA Award was notable for several reasons. First, this is the first FINRA Arbitration Award achieved relating to Northstar Bermuda based on a search of the FINRA Database. Second, it is the largest FINRA award ever obtained against Truist Investment Services. Third, the investor customer was a holder of Northstar's "Variable" investments, which have been held to be segregated assets which appear poised to make significant recovery as compared to the "Fixed" investment holdings of Northstar Bermuda.
Finally, the award represented a "full award" of well-managed damages, attorney's fees, and costs. Thanks to our expert Jeffery Schaff, AIFA® for his hard work, research, and expert testimony in this case. This is Bixby Law PLLC's second multi-million dollar well-managed or market adjusted damage award in FINRA Arbitration proceedings this month alone.
There is still time for investors harmed by Northstar Bermuda investments (variable investments or fixed) or the conduct of Greg Lindberg to pursue claims and recover their losses. I look forward to helping more investment fraud victims in the future!
