Securities Lawyers Blog
The FINRA arbitration attorneys at Gana Weinstein LLP represent investors who have suffered investment losses at brokerage firms such as World Equity Group, Inc. Investors who have lost money because of broker misconduct or financial advisor negligence can often recover those losses through FINRA arbitration rather than in court. Our securities arbitration lawyers can review your accounts, explain how a FINRA claim works, and tell you whether you have a case worth pursuing.
World Equity Group is an independent broker-dealer that provides brokerage and wealth management services to individual investors through a network of affiliated financial advisors. Organized in Illinois in 1991 and headquartered in Arlington Heights, the firm was acquired by Wentworth Management Services in 2021.
World Equity Group, Inc. – By the Numbers:
- CRD #: 29087
- Regulatory Events: 12
- Broker Employees: 147
World Equity Group, Inc. – Investment Advisors:
- SEC #: 56328
- Assets Under Management: $1,001,368,180
- ADV Form Employee: 165
World Equity Group, Inc. – In the News:
FINRA v. World Equity Group, Inc. (Case #2016052072601) – During the period of July 1, 2016 through December 31, 2016 (the “Review Period”), World Equity failed to report to TRACE 197 transactions in corporate debt securities within the time required by FINRA Rule 6730(a). World Equity’s late reporting resulted from delays caused by Firm employees and untimely amendments or corrections made to TRACE reports previously submitted by the Firm or its clearing firm. World Equity’s conduct constitutes separate and distinct violations of FINRA Rule 6730(a) and a pattern and practice of late reporting without exceptional circumstances, in violation of FINRA Rule 2010.
FINRA v. World Equity Group, Inc. (Case #2015043641901) – From April 2013 through March 2017 (the “Relevant Period”), WEG failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to ensure that representatives’ recommendations of variable annuities complied with applicable securities laws and regulations, and FINRA Rules. As a result, the Firm violated FINRA Rules 2330(c) and (d), NASD Rule 3010 (for conduct before December 1, 2014), FINRA Rule 3110 (for conduct on and after December 1, 2014), and FINRA Rule 2010.
FINRA v. World Equity Group, Inc. (Case #2016048836601) – In Matter No. 20160488366, FINRA staff reviewed the firm’s compliance with TRACE reporting requirements concerning corporate debt securities during the period from October 1, 2015 through December 31, 2015 (the “review period”). During the review period the firm violated FINRA Rules 6730 and 2010.
Elder financial abuse and exploitation of elderly investors are among the claims our firm pursues most vigorously. If you or a family member suffered investment losses because of a financial advisor at World Equity Group, Inc., the attorneys at Gana Weinstein LLP are available for a free consultation.