Complaint Review: World Group Securities Aka WFG - Ny New York
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- World Group Securities Aka WFG wfg-online.com Ny, New York U.S.A.
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- Category: Insurance Agencies
World Group Securities - WFG Wall Street Journal Sites World Group Securities as a SCAM Ny New York
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On Sept 8 2007
The Wall Street Journal cited World Group Securities
aka the World Financial Group a scam.
Titled: Free Lunch? It Might Serve Investor a Scam
By Kelly Greene and Kara Scannell
PArt of the article: "Sins of Omission: In June, for example, the Utah Division of Securities fined World Group Securities Inc., of Duluth, Ga., $50000 after finding that..."
WGS was fined $50,000.00 for host fraudlent "free lunches" It mainly was as any a sales pitch. Draw you in with a "free lunch" and then sucker punch you with a sales pitch.
What we don't understand is why WFG is able to operate as both WFG and WGS and as other entities. Most of these WFG reps have multiple business cards. If one of their operation get exposed, they just assume another mask to fool the public and jump back and forth.
Just beware of this scam in all of its forms.
Wfgcancer
San Diego, California
U.S.A.
This report was posted on Ripoff Report on 09/16/2007 10:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/world-group-securities-aka-wfg/ny-new-york-10010/world-group-securities-wfg-wall-street-journal-sites-world-group-securities-as-a-scam-ny-274857. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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