Brokerage Firm Misconduct Claims
against World Group Securities, Inc,
an Affiliate of World Financial Group (WFG)
December 2, 2008
The law firm of David P. Meyer & Associates Co. LPA is representing a large group of Northeast Ohio residents to recover substantial losses in investments made with the brokerage firm World Group Securities, Inc. an affiliate of World Financial Group. The investments at issue were sold by the brokerage firm’s registered representative, David L. Olson, who worked out of the firm’s branch office in Boardman, Ohio. He was employed with the firm until October 2007.
The claims that Meyer & Associates are pursuing on behalf of the group of clients it represents against World Group Securities include the following, among others: (1) fraudulently selling unsuitable securities, including variable universal life policies; (2) selling unregistered securities, including promissory notes; (3) inducing customers to refinance their homes with subprime adjustable-rate negative amortization mortgages and using the proceeds to purchase securities; (4) and fraudulently promoting and selling so-called “joint venture agreements” whereby customers would purchase real estate in their name and assign the property to the brokerage firm’s representative in return for monthly income stream.
If you were sold investments by this brokerage firm and are concerned that you may have suffered losses, you can contact our firm toll-free at 1-866-827-6537 or via email or submit a web inquiry. There is no charge for our lawyers to review your claim and if you hire our firm and join the group of clients we are currently representing in this matter, the attorney fee is completely contingent and the law firm advances all costs and expenses.
The law firm of Meyer & Associates Co. LPA is the only law firm in Ohio devoted solely to investor claims and class actions. The firm’s founding principal, attorney David P. Meyer, has the honor of winning what is believed to be the largest jury verdict in Ohio’s history, a jury verdict in excess of $260 Million on behalf of 250 investors.