Tag Archives: World Equity Group Inc.

FSC Stockbroker Sanctioned For Selling Away Future Income Payments (FIP LLC)

Brian Stanley Pearce of Winter Haven Florida a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pearce engaged in private securities transactions without getting approval from FSC Securities Corporation. Letter […]

Read More »

FINRA Fines World Equity Group Broker For Lying to Customers

Barry Ronald Block of Arlington Heights Illinois a stockbroker formerly employed by World Equity Group Inc. has been fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Block made misrepresentations to customers concerning the expenses of variable annuities when advising […]

Read More »

FINRA Nails WEG Principal For Failure To Supervise

Christopher T. Dallas of Arlington Heights Illinois a stockbroker and supervisor currently employed by World Equity Group Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory capacity based upon consenting to findings that Dallas failed to supervise variable annuity transactions effected by the firm’s […]

Read More »

Investors Sue World Equity Group For Negligence

Richard Steven Babjak Jr. of Arlington Heights Illinois the president of World Equity Group Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $14,500.00 in damages supported by accusations that contractual obligations to the customer had been breached and the customer’s account was handled in a negligent manner. Financial […]

Read More »

FINRA Fines World Equity Group For Failure To Supervise

World Equity Group Inc. a brokerage firm headquartered in Arlington Heights Illinois has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) supported by accusations that the company failed to supervise its registered representatives’ variable annuities recommendations to ensure that they were suitable for customers in compliance with securities regulations and FINRA Rules. […]

Read More »

World Equity Group Named In Customer Negligence Claim

Barry Link, of Fort Meyers, Florida, a stockbroker currently registered with World Equity Group, Inc., has been subject to a customer initiated investment related arbitration claim on February 10, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Link breached his fiduciary duty to the customer and committed negligence in handling […]

Read More »

World Equity Group Stockbroker Suspended For Unauthorized Trading

Paul Frederick Valencia, of Temecula, California, a stockbroker with World Equity Group, Inc., was fined $5,000.00 and suspended for ten business days from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized discretionary trading in customer accounts. Letter of Acceptance, Waiver and […]

Read More »

World Equity Group Fined For Failure To Supervise

World Equity Group, Inc., headquartered in Arlington Heights, Illinois, was fined $50,000.00 and censured by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm failed to supervise unsuitable and excessive equity trading. Letter of Acceptance, Waiver and Consent, No. 2014039231401 (Apr. 25, 2016). According to the AWC, from November 2009 through September […]

Read More »