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Jan 26, 2009 5:01 pm

Is anyone familiar with this organization?  Is it a legitimate indy or is it a pyramid scheme?

Your advice is appreciated.
Jan 26, 2009 5:11 pm

SCAM

  http://www.investmentfraudlawyerblog.com/2008/06/have_things_changed_at_world_f.html    
Jan 26, 2009 5:38 pm

This is a Spanish firm, but is not active at this time due to regulatory problems.  Look at the public version of CRD ( broker check ), the firm’s CRD # is 47747.

Jan 26, 2009 5:49 pm

I don’t think that’s the same firm.  It’s owned by Aegon who also owns Transamerica.

Jan 26, 2009 6:14 pm

From what I’ve seen, it’s on par with Primerica.  I’ve yet to see anything but pikers come out of WFG.

Jan 26, 2009 11:53 pm

Bunch of morons who could not make it at a real B/D who were chasing the promises of big $$$$$$.

Jan 27, 2009 12:08 am

Don’t they have a reputation of slamming all their clients into VUL’s and Equity Index Annuities?

I heard their a lot like Amway.

Jan 27, 2009 12:11 am
HymanRoth:

Don’t they have a reputation of slamming all their clients into VUL’s and Equity Index Annuities?

I heard their a lot like Amway.

  From your posts, sounds like your kind of firm.
Jan 27, 2009 12:55 am

This firm is a joke.  They hire right out of high school, will take anyone on.  They are always recruiting because its a pyramid.

Jan 27, 2009 1:24 am

I know of a few people who came out of that firm. They are all brainless robotrons. They are taught to sell high commission products to anyone who wants to buy them and they are proud of it to boot.

Jan 27, 2009 1:25 am

That’s kind of my impression…I’m envisioning some fat sweaty guy using his basement for a weekly circle jerk with all his polyester-suited recruits.

Jan 27, 2009 1:27 am

When the guys on the World team play hoops with the Primerica guys,. they are pretty much guaranteed to get a facial trying to defend the basket. Even Primerica looks good next to them.

Jan 27, 2009 3:11 am

heard its a great firm if you are at the top of the pyramid