Erez Law is currently investigating Unionbanc Investment Services, LLC broker Asako Thompson (CRD# 4828996) who is alleged to recommend Northstar Financial Services (Bermuda) Ltd., a Bermuda-based annuity and life insurance company that serves the needs of high net worth clients around the globe. Thompson has been registered with Unionbanc Investment Services, LLC in San Jose, California since 2004.
According to public records, a former client of Thompson filed a $500,000 complaint against Unionbanc Investment Services and Thompson alleging losses related to investments in the investment. According to the claim, Thompson assured his client, an unsophisticated investor, that the investment was low-risk and safe.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Unionbanc Investment Services, LLC may be liable for investment or other losses suffered by Thompson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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