Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arthur Mcpherson (Mcpherson), currently associated with World Equity Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mcpherson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $250,000.00 on June 02, 2025.
Claimants [REDACTED] suffered substantial investment losses as a result of a negligent market-timing strategy employed by Respondent McPherson, a registered representative of Respondent World Equity Group, Inc. (&amp;amp;quot;WEG&amp;amp;quot;). McPherson liquidated the [REDACTED]&amp;amp;#39; investment portfolio in March 2020 at the very bottom of the &amp;amp;quot;Covid crash&amp;amp;quot;, then bought back in to the market after the market had already rallied and recovered. If McPherson had simply maintained the portfolio, instead of trying to time the market, Claimants would be several hundred thousand dollars better off than they are today.\<char_lb_r>\, If he had simply maintained Claimants&amp;amp;#39; accounts as they were, instead of trying to time the market, Claimants would be several hundred thousand dollars better off than they are today. The charts on the following pages illustrate the impact that the flawed market-timing strategy had on Claimants&amp;amp;#39; wealth.\<char_lb_r>\, Initially the Claimant had filed the arbitration against both the Rep Arthur McPherson and the associated BD World Equity Group, Inc. Subsequently the claimant dismissed all claims against World Equity Group as the related Client/claimant is not a client of World Equity Group.\<char_lb_r>\, World Equity Group was dismissed from this arbitration on August 01, 2025