ComplaintsforNorth Star Investment Management Corporation
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Complaint Details
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Initial Complaint
07/20/2024
- Complaint Type:
- Order Issues
- Status:
- Unanswered
I am writing to file a formal complaint against North Star Investment Management, ****************************, and the law firm ***************** I believe they have violated their fiduciary duties and engaged in unethical and potentially illegal activities regarding the management of my trust and personal finances.Background:Trust Establishment: In 1985, *************************, *******/****** became involved in the establishment of the **************************************** Trust #1. Conflict of Interest: UnAuthorized ******* ********* invested Mismanagement and Abuse: In 1991, ************************* sent me to **************************** in *******, **, after expulsion from ****************. During my time there, I experienced severe abuse, brainwashing, and was subjected to inhumane treatment.Fiduciary Breach: ****** and his associates have consistently refused my requests for performance reports & forensic audits of my trust, failing to act in my best interest and violating fiduciary duties, including the duty of loyalty, care, & disclosure.Details of the Complaint:Financial Mismanagement: My trust has been mismanaged, with investments made that do not align with my best interests. Notably, a significant portion of my assets was allocated to the North Star ********************** (NSOIX), which has underperformed compared to standard benchmarks like the ****** and S&P 500.Lack of Transparency: Despite repeated requests, I have been denied access to detailed performance reports, fee breakdowns, and an independent audit of the trust's investments.Unethical Behavior: The trustees and their legal advisors have engaged in unethical behavior, refusing to disclose critical information and manipulating my financial resources to prevent me from seeking legal recourse.Emotional and Financial Harm: Their actions have caused me significant emotional distress and financial harm. I am currently homeless, broke, and unable to access my funds to cover basic living expenses, or secure legal representation.
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Customer Complaints Summary
1 total complaints in the last 3 years.
1 complaints closed in the last 12 months.