Ignacio Carlos Tejera, a registered representative with Truist Investment Services, Inc., is at the center of multiple FINRA arbitration claims alleging that he recommended unsuitable Northstar Financial Services (Bermuda) products to investors. According to public reports, a prior NorthStar Guaranteed Investment Contract claim settled for $300,000 in January 2022.
A separate FINRA arbitration filed in September 2024, identified as FINRA Case No. 24-01931, seeks $500,000 in damages related to allegedly high-risk and unsuitable NorthStar-related investments and remains pending. These claims raise serious questions about whether investors who trusted Tejera’s recommendations were exposed to risks they never agreed to accept.
If you or a family member experienced significant investment losses involving Northstar products or other unsuitable recommendations at Truist Investment Services, Meyer Wilson Werning can help. Our team of experienced unsuitable investment recommendation attorneys focuses on representing investors who have been misled by financial professionals. Contact us for a free and confidential consultation.
What Do Current Disclosures Report About Ignacio Tejera?
Ignacio Carlos Tejera’s FINRA BrokerCheck profile (CRD# 4422696) presents a record that warrants close examination by affected investors. Tejera has been registered in the securities industry since at least 2002, currently serving as a representative of Truist Investment Services, Inc. (formerly SunTrust Investment Services) and as an investment adviser representative with Truist Advisory Services, Inc.
Public reporting indicates that at least two customer disputes have been pursued in FINRA arbitration alleging broker misconduct tied to Northstar investments. The allegations span multiple categories:
- Unsuitable recommendations: Tejera allegedly recommended Northstar Financial Services (Bermuda) fixed-rate and Guaranteed Investment Contract (GIC) products that were inconsistent with investors’ risk tolerance, liquidity needs, and investment objectives.
- High-risk investments: The Northstar products at issue allegedly carried offshore credit risk, illiquidity, and limited regulatory protections that were not adequately disclosed or appropriate for the investors who purchased them.
- Northstar Financial Services (Bermuda) losses: Investors allegedly suffered significant principal losses after Northstar collapsed and entered liquidation proceedings, leaving investors with limited recourse.
- Guaranteed Investment Contract losses: A FINRA arbitration filed in October 2020 alleged that Tejera recommended an unsuitable Northstar GIC while at SunTrust Investment Services, resulting in a $300,000 settlement in January 2022.
- Breach of fiduciary duty: Claims allege that Tejera placed his own interests or those of his firm above the best interests of his clients when recommending Northstar products.
Tejera’s FINRA BrokerCheck profile currently reflects four customer dispute disclosures spanning more than a decade. Two of those disclosures involve Northstar-related claims and resulted in significant financial outcomes for investors. The presence of multiple disclosures across different time periods and claim types underscores an important reality: investors should review a broker’s full BrokerCheck history carefully, not just the most recent entries, before drawing conclusions about their record.
A pending FINRA arbitration filed in September 2024 in Seattle, Washington, identified as FINRA Case No. 24-01931, seeks $500,000 in damages for alleged high-risk and unsuitable NorthStar-related investments recommended by Tejera.
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What Do Past Settlements and Arbitration Claims Indicate for Truist Investment Services Investors?
Truist Investment Services, the firm where Tejera is currently registered, has faced broader scrutiny over the sale of Northstar Financial Services (Bermuda) products to its clients. Public reports describe a pattern of allegations that Truist brokers recommended offshore fixed-rate annuity and GIC-style products that were inconsistent with many investors’ risk profiles and liquidity needs.
Key data points regarding Truist and Northstar Financial Services (Bermuda) investment losses include:
- A $7,200 settlement reached on June 9, 2026 resolved a separate customer dispute in which a client alleged that distributions from an alternative investment were taxed improperly.
- A $300,000 settlement in January 2022 resolved a FINRA arbitration claim alleging that Tejera recommended an unsuitable Northstar GIC while at SunTrust Investment Services (now Truist).
- A $500,000 arbitration claim (Case No. 24-01931) was filed in September 2024 against Truist Investment Services over Northstar-related losses allegedly caused by Tejera’s recommendations.
- Arbitration panels have ordered Truist to pay substantial awards in other NorthStar-related cases, including the $2,751,820.60 award issued in March 2026 related to Tejera’s recommendations.
- An investment is presented as “guaranteed” or “safe” but carries credit risk tied to an offshore entity
- The investment locks up principal for an extended period, creating liquidity problems for retirees or investors who need access to funds
- The broker does not document or discuss the investor’s risk tolerance, time horizon, or income needs before making a recommendation
- The product represents a disproportionate concentration of the investor’s portfolio
How Meyer Wilson Werning Can Help
Investors who suffered losses in Northstar Financial Services (Bermuda) products, Guaranteed Investment Contracts, or other fixed-rate investments recommended by Ignacio Tejera or another Truist advisor have legal options. Arbitration provides a streamlined process for investors to pursue recovery against brokerage firms and their registered representatives without going to court.
David P. Meyer, founding partner of Meyer Wilson Werning, has dedicated more than 26 years to representing investors harmed by broker misconduct, unsuitable recommendations, and supervisory failures. The firm has particular experience with Northstar Financial Services (Bermuda) claims and has helped investors across the country pursue recovery from firms that allowed the sale of these high-risk offshore products.
Meyer Wilson Werning represents investors nationwide who have been harmed by unsuitable investment recommendations and broker misconduct. With more than 75 years of combined experience and over $350 million recovered for our clients, our team is dedicated to holding negligent firms accountable. Contact us today for a free and confidential consultation to discuss your path to recovery.
Our lawyers are nationwide leaders in investment fraud cases.
Frequently Asked Questions
Who is Ignacio Tejera of Truist Investment Services and what are the Northstar investment allegations?
Ignacio Carlos Tejera (CRD# 4422696) is a financial advisor registered with Truist Investment Services, Inc. and Truist Advisory Services, Inc., with industry experience dating back to at least 2002. Investors have filed FINRA arbitration claims alleging that Tejera recommended unsuitable NorthStar Financial Services (Bermuda) products, including a NorthStar Guaranteed Investment Contract, leading to significant losses. Known outcomes include a $300,000 settlement in January 2022 and a pending $500,000 arbitration claim filed in September 2024
What does BrokerCheck show about Ignacio Tejera’s record?
The FINRA BrokerCheck profile for Ignacio Carlos Tejera (CRD# 4422696) may not currently display all customer complaint disclosures despite the existence of NorthStar-related arbitration claims. This is not unusual. Many claims, particularly those that settle, do not immediately appear as public BrokerCheck disclosures. Investors should not rely solely on the absence of visible disclosures when evaluating a broker’s history.
How can investors pursue a FINRA arbitration claim against Truist Investment Services for Northstar losses?
Investors who suffered losses in NorthStar Financial Services (Bermuda) products can generally seek recovery through FINRA arbitration against Truist Investment Services. A claim for unsuitable recommendations typically alleges violations of FINRA Rule 2111’s suitability standard and Regulation Best Interest for post-June 2020 recommendations. An experienced securities attorney can gather account records, calculate losses, and file a statement of claim with FINRA on a contingency basis.
Why were Northstar Financial Services Bermuda products risky for investors?
NorthStar Financial Services (Bermuda) products were often marketed as fixed-rate or stable investments but carried substantial risks tied to the offshore insurer’s creditworthiness and the Bermuda regulatory environment. After NorthStar entered liquidation, many investors discovered their principal was not protected the way it would have been in a traditional U.S. bank CD or fixed annuity. Arbitration panels have ordered Truist to pay substantial awards in NorthStar-related cases, including more than $2.7 million in one reported matter.
Recovering Losses Caused by Investment Misconduct.