Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Norma Kresta (Kresta), previously associated with Bbva Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Kresta recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $360,000.00 on September 29, 2022.
In 2002, claimant purchased an offshore variable annuity product issued by NorthStar Financial Services (Bermuda), a Nationwide affiliate. Nationwide later sold NorthStar, and NorthStar is now in receivership because of alleged fraud and mishandling. Claimant has brought an arbitration claim against firm alleging failure to conduct due diligence, negligence, etc. Regarding this 20 year old purchase.