Goodman & Nekvasil, P.A., is investigating securities fraud claims, including real estate and mortgage refinancing scams, involving a number of former World Group Securities representatives, including Kederio Ainsworth, Guillermo Haro, Jesus Gutierrez, Gabriel Paredes, and Angel Romo. 

The Securities and Exchange Commission recently sued these five former World Group Securities representatives–Ainsworth, Haro, Gutierrez, Paredes, and Romo–alleging that they fraudulently recommended that customers refinance their mortgage and invest in unsuitable securities, primarily variable universal life policies.  The SEC alleges that these former World Group Securities brokers used a mortgage company, Ainsworth Financial Mortgage Company, which was controlled by World Group Securities representatives, operating from the same office location as World Group Securities, and supervised by the World Group Securities branch office manager. 

Our firm has brought numerous similar cases in the past involving World Group Securities’ predecessor, WMA Securities.  According to a newspaper article about an arbitration award that the firm won against WMA:

A securities arbitration panel has awarded three older . . . investors $344,500 for money they lost in an alleged Ponzi scheme sold to them by a stockbroker for WMA Securities, Inc.

“This is just the tip of the iceberg,” Kalju Nekvasil, the lawyer who represented the investors, said. . . . “They are not supervising their brokers. It’s just that simple.”

Three Investors Awarded $344K in Sale of Notes,
Ursula Miller, The Cincinnati Enquirer, March 24, 1999.

Contact Goodman & Nekvasil, P.A., and ask for your free case evaluation.