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Report: #725152

Complaint Review: Global educational Marketing corporation - Richmond Hill Ontario

  • Submitted:
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  • Reported By: chalan8 — toronto Ontario Canada
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  • Global educational Marketing corporation 100 Mural Street, Suite 201 Richmond Hill, Ontario United States of America

Global educational Marketing corporation Global Family of companies Stole moeny form my RESP Richmond Hill, Ontario

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Global Educational Marketing Corporation is providing financial services. They sold me a RESP, Registered Educational Saving Plans, for my child 4 years ago. I was told that this is like a saving account for my child, and when my kid wants to go to university, he can use the money with government grant at that time. I doubled my monthly contributions 2 years ago after my youngest child born.
About a month ago, I found out that other financial companies are offering a better return in their RESP, and I thought I just transfer the fund to another company with a higher return RESP, but when I call to make the transfer, I was told that I have to pay $1335.80 because the global was counting on me to keep the money in their account for 17 years, and now I am transferring earlier. So, I have to pay the fine. They call the fine "Enrolment Fee" and it is in a fine print in the document that I sign, and I did not read, and the sales rep did not disclose anything. When I called to complain, I was just told that well you sign it, and you will lose if you transfer. I found out that this is not a first time that Global Educational marketing corporation ripping off people legally, and they using a loop whole in the system. doing that. http://www.vaninvestor.com/You/RESP/OSC_cracksdown_resp.htm
Global stole my hard working moeny from my account, and they will do that to anybody else if the could. Stay away from Global Educational Marketing Corporation.

This report was posted on Ripoff Report on 05/03/2011 02:46 PM and is a permanent record located here: https://www.ripoffreport.com/reports/global-educational-marketing-corporation/richmond-hill-ontario-l4b-1j3/global-educational-marketing-corporation-global-family-of-companies-stole-moeny-form-my-re-725152. 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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