WFG is now owned by Transamerica, and they have approximately 42,000 registered agents throughout the United States. Today, the company is based on Johns Creek, Georgia which is a suburb of Atlanta. This includes fines for the unauthorized sale of securities, additional fines for failure to supervise its agents, fines for falsifying client information, and included some agents losing their licenses for conspiracy to cheat on licensing exams. The company has been subject to more fines and other reprimands since then.
However, the company’s troubles did not end there.
#World financial group scam plus#
This cost the company $225,000 in fines plus nearly $2 million in customer losses from unregistered investments that had to be repaid.īefore Aegon’s acquisition of the company in 2001, it was stated that compliance efforts were ramped up for the deal. While still doing business at World Marketing Alliance in the late 1990’s, the company was fined more than once for not properly supervising its agents and for not properly reporting over 900 customer complaints. WFG has seen its share of investigations and even reprimands and fines for wrongdoing. The company does approximately $150 million in sales per year. They work with hundreds of provider companies to provide investment funds, retirement accounts, and many other financial related services.
Today, WFG has over 3,500 offices in the United States and over 42,000 registered agents.
0 kommentar(er)
