he *HIDDEN* Truth [WFG] (World Financial Group) Scam or ?

http://www.onlinecashcow.ws

Category:

Education

Tags:

• MLM
• WFG
• SCAM
• MAKE
• MONEY
• ONLINE
• business
• SPIDERWEB
• MARKETING
• SYSTEM

[womenswealth]

This video has nothing to do with World Financial Group.

[ricman46]

We lost thousand of dollars from this company. We were duped by a Filipino couple in Indiana.

[VAChinaman]

In this video, I haven't hear anything about what this business about. Whaere is the company headquarter locate at? What kind of product the company sale?

[TheWhoracle]

@TheWhoracle That single agent's Errors and omissions insurance would cover his wrong doings, then he would probably go to jail. As he should.

[TheWhoracle]

He didn't get success in his market probably because he is really shady and his friends don't trust him. As for any thing you hear about WFG. Lets put it this way: If someone worked at Best Buy who was found to be stealing people's credit cards through thier business would you stop buying electronics at All best buys because of one employee? An entire company can't be held responsible for a single agent making a mistake or breaking the law that governs him to do the right thing for clients

[nododon]

@williamholsey

In November 2010, the SEC ordered WGS to pay, among other things, a civil monetary penalty in the amount of $200,000 for the fraudulent selling of unsuitable securities in the State of California, which were funded using home equity, derived from the refinance of the customers' homes into subprime mortgages.

See asshole, you think I don't know what you truly represent? ... Idiot.

[nododon]

@williamholsey

In April 2010, WGS was fined in excess of $850,000 as the result of the unauthorized sale of private securities by some of its agents in the State of Arizona.

In May 2010, the U.S. Securities and Exchange Commission (SEC) filed a federal case against two former brokers of WGS, accusing them of having raised approximately $14,800,000 through the offer and sale of promissory notes as part of an illegal Ponzi scheme in the States of Ohio and Florida.

[nododon]

@williamholsey

In April 2007, WGS was fined $50,000 for failing to supervise its representatives in the State of Utah, who were misrepresenting their credentials and services rendered during free lunch seminars targeting seniors.

In June 2007, a couple filed an NASD arbitration claim against WGS, alleging misrepresentation that caused them to lose over $500,000 on investment products that were unsuitable for their risk tolerance.

[nododon]

@williamholsey A 2004 NASD disciplinary action report summarized disciplinary actions against WGS. According to the report, WGS "submitted a Letter of Acceptance, Waiver, and Consent in which the firm was censured and fined $15,000.

In December 2006, WGS and one of its brokers were fined $150,000 by Missouri's commissioner of securities for selling unsuitable products to elderly people.

[nododon]

@williamholsey Some state securities officials, including those in Iowa, Alabama, Missouri, Utah, and Minnesota, have filed lawsuits to bar inappropriate sales practices by World Financial Group (WFG) and World Group Securities (WGS).

In March 2011, the Financial Industry Regulatory Authority (FINRA) reported that World Group Securities had incurred ten regulatory penalties since 2004.