Talk:World Financial Group

{{edit semi-protected|World Financial Group|answered=yes}}

Please remove "multi-level" from the description of this cmpany. It is not an MLM scheme. SamK601 (talk) 04:04, 15 August 2022 (UTC)

:File:Red information icon with gradient background.svg Not done: per both of the above. 💜  melecie  talk - 08:48, 15 August 2022 (UTC)

{{Edit semi-protected|World Financial Group|answered=yes}}

REMOVE: Under 'Regulatory Issues', remove line and it's reference: "In October 2014, WFG fined $700,000 by FINRA for failing to supervise registered reps in Dallas.[25]".

REASON: This cited article is about "WFG Investments, Inc." which also does business as "Williams Financial Group" or "Wilson Financial Group", and is NOT World Financial Group. Gorwah (talk) 08:52, 27 March 2023 (UTC)

:{{done}} Actualcpscm (talk) 12:40, 27 March 2023 (UTC)

{{Edit semi-protected|World Financial Group|answered=yes}}

world financial group is not a multi-level marketing company. it is not reliable information and misleading statements Saini1918 (talk) 02:22, 8 April 2023 (UTC)

:File:Red question icon with gradient background.svg Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. Lightoil (talk) 02:35, 8 April 2023 (UTC)

{{Edit semi-protected|World Financial Group|answered=yes}}

Please change the reference to Tom Dempsey CEO. Tom Dempsey left WFG in 2022. Our new leader is Todd Buchanan, President of World Financial Group (WFG) in the United States.

Credible source: Tampa Bay Business & Wealth:

Transamerica names Tampa executive president of World Financial Group and head of Transamerica Financial Advisors - TBBW (tbbwmag.com)

https://tbbwmag.com/2022/11/30/transamerica-names-tampa-executive-president-of-world-financial-group-and-head-of-transamerica-financial-advisors/ 208.127.69.116 (talk) 18:02, 10 May 2023 (UTC)

:The Terms of Use require you as an employee to declare as a paid editor, see WP:PAID. This is easier to do with an account, but even if you don't create an account, you must disclose. 331dot (talk) 18:24, 10 May 2023 (UTC)

:File:Red information icon with gradient background.svg Not done for now: Please read the comment that I left on your talk page. M.Bitton (talk) 20:25, 10 May 2023 (UTC)

{{Edit semi-protected|World Financial Group|answered=yes}}

Requesting these changes:

1. Rename the section 'Regulatory issues' to 'Regulatory and legal issues'

2. Add the following text to that section:

In 2014, WFG Securities of Canada Inc. agreed to pay $250,000 to settle a case against it by the Manitoba Securities Commission. {{cite web |last1=Kubinec |first1=Vera-Lynn |title=WFG Securities of Canada pays $250K to settle securities case |url=https://www.cbc.ca/news/canada/manitoba/wfg-securities-of-canada-pays-250k-to-settle-securities-case-1.2787157 |website=CBC/Radio-Canada |access-date=1 July 2023}}

In 2022, WFG terminated an agent’s membership agreement after he was served two administrative monetary penalties for making false and misleading statements and representations in the solicitation or registration of five life insurance policies, and for providing the FSRA with false and misleading information. {{cite web |last1=Adriano |first1=Lyle |title=Canadian insurance agent slapped with penalties |url=https://www.insurancebusinessmag.com/ca/news/breaking-news/canadian-insurance-agent-slapped-with-penalties-406601.aspx |website=Insurance Business Canada |access-date=1 July 2023}}

In April 2023, the Financial Services Regulatory Authority (FSRA) issued a notice of proposal against World Financial Group Insurance Agency of Canada Inc., alleging gaps in WFG’s operation and ongoing proceedings by another regulator against WFG.

{{cite web |last1=Courtney |first1=Russ |title=FSRA issues notice of proposal against World Financial Group Insurance Agency of Canada Inc. |url=https://www.fsrao.ca/newsroom/fsra-issues-notice-proposal-against-world-financial-group-insurance-agency-canada-inc |website=Financial Services Regulatory Authority of Ontario |date=6 April 2023 |access-date=1 July 2023}} Smtree (talk) 13:22, 1 July 2023 (UTC)

{{reflist-talk}}

:File:Red information icon with gradient background.svg Not done: all three of these proposed sentences are either directly copied from their respective sources, or are phrases directly copied from the source, then slightly rearranged with one or two interjecting or changed words. Basically, these would be plagiarism and WP:COPYVIO. -- Pinchme123 (talk) 23:02, 12 October 2023 (UTC)

{{#invoke:protected edit request|semi|ans=yes}}

Requesting the following change:

- Remove recent edit expanding on a 2008 article: "It has been criticized by customers who claim to have lost significant sums due to WFG agents selling them "inappropriate investments".

There are already references to the regulatory and legal actions, most of which are minor and outdated, the referenced article is from 2008 and most of the issues raised were previous to the current business ownership and management. The Wiki update is written to appear as if current and is clearly biased. 2A0D:6FC2:40C0:E800:60B3:52B5:C8FB:E6BF (talk) 15:57, 27 November 2023 (UTC)

:Added tag for you. 331dot (talk) 16:05, 27 November 2023 (UTC)

:{{partly done|Partly done:}} The information is an important part of the company's history so cannot be removed. I have however moved it to the history section and changed it to past tense to refer to the 2008 article as there's currently no references claiming the issue is still ongoing. Lewcm Talk to me! 10:51, 15 December 2023 (UTC)

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Hello, I would like to make some changes on this article. thanks Labaseshop (talk) 02:09, 2 February 2024 (UTC)

:File:Red information icon with gradient background.svg Not done: this is not the right page to request additional user rights. You may reopen this request with the specific changes to be made and someone may add them for you, or if you have an account, you can wait until you are autoconfirmed and edit the page yourself. Grayfell (talk) 02:17, 2 February 2024 (UTC)

{{edit semi-protected|World Financial Group|answered=yes}}

After the sentence in beginning paragraph "It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States" add:

"The headquarters of World Financial Group in Canada are situated in Toronto, Ontario. Both World Financial Group Insurance Agency of Canada Inc. and WFG Securities of Canada Inc. maintain their home offices within the Transamerica Tower, located at 5000 Yonge Street in Toronto." {{cite web | url=https://www.accesswire.com/396380/world-financial-groups-canadian-headquarters-relocating-to-north-torontos-financial-district | title=World Financial Group's Canadian Headquarters Relocating to North Toronto's Financial District }} {{cite web | url=https://www.worldfinancialgroup.com/contact-us | title=Contact Us | World Financial Group, Inc }} 2604:3D09:6C7E:6300:ECAD:2865:598D:EF1E (talk) 16:30, 6 May 2024 (UTC)

:{{done}} - Lordseriouspig 20:28, 29 May 2024 (UTC)

:I've reverted. These primary sources do not indicate that this belongs in the article at all, much less in the lead. Grayfell (talk) 23:34, 29 May 2024 (UTC)

{{reflist talk}}

{{edit semi-protected|World Financial Group|answered=yes}}

WFG is not a MLM so this page is spreading wrong information, please check your facts 199.83.161.170 (talk) 05:11, 3 September 2024 (UTC)

• {{not done}} An edit request is to ask for a specific edit in a "change X to Y" format. You did not do this. I did check the sources, and they use that terminology to refer to this company. If you have sources that use different terminology, please offer them. If you are associated with this company, that needs to be disclosed, see WP:COI and WP:PAID. 331dot (talk) 08:05, 3 September 2024 (UTC)

{{edit semi-protected|World Financial Group|answered=yes}}

Change: "World Financial Group (WFG) is a multi-level marketing[4] financial and insurance services company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.[5][6] It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States.[7]"

To: "World Financial Group (WFG) is a financial and insurance distribution network owned by multinational insurance company Aegon, and is headquartered in Johns Creek, Georgia, a suburb of Atlanta. WFG primarily operates under the Transamerica brand in the United States, and also has a presence in Canada and Puerto Rico. This network comprises nearly 74,000 independent agents who offer various financial and insurance products from Transamerica and other insurance companies."

Reason for the change: World Financial Group (WFG) is categorized as an insurance & brokerage company with a US tax code of 524210[2]. Multi-level marketing company on the other hand, based on Investopedia[1], refers to a strategy used by some direct-sales companies to sell products and services. These companies are typically assigned a different US tax code, such as 454390[2].

Source:

[1]https://www.investopedia.com/terms/m/multi-level-marketing.asp

[2]https://www.ctcresources.com/uploads/3/1/6/2/31622795/complete_list_of_schedule_c_business_codes.pdf Linlindada (talk) 04:22, 1 October 2024 (UTC)

:File:Red information icon with gradient background.svg Not done: Investopedia is not a reliable source (as explained at WP:INVESTOPEDIA) and Wikipedia doesn't publish original research. Per reliable, independent sources, World Financial Group is an MLM. Grayfell (talk) 04:50, 1 October 2024 (UTC)

{{Edit semi-protected | answered=1}}

Request of the following changed:

World Financial Group (WFG) is a multi-level marketing^[4] financial and insurance services company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.^[5][6] It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States.^[7]

To the following below:

"World Financial Group (WFG) is a financial and insurance services company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.^[5][6] It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States.^[7]

As for reason:

Only one source is claiming it to be an MLM and has been removed, and is considered biased, the article does not provide context as to what makes it a "pyramid scheme", it only refers to as being "Pyramid shaped" and does not make any mention of it being an MLM for the matter, until further research can be done and provided this is not inline with Wikipedia's reliable source and perhaps the Neutral point of view NonToxicCereal (talk) 23:44, 2 January 2025 (UTC)

:You created your account six months ago and this is your first edit; you're also very familiar with wikicode. Are you associated with this company? 331dot (talk) 00:45, 3 January 2025 (UTC)

:Googling "World Financial Group multi level marketing" brings up many results. 331dot (talk) 00:47, 3 January 2025 (UTC)

{{not done}}: @User:331dot raises reasonable concerns. (3OpenEyes's talk page. Say hi!) | (PS: Have a good day) 20:22, 7 January 2025 (UTC)

The information here is lacking, misleading and bias compare to other insurance company. 2001:569:7F1F:200:1008:22AD:AA0E:26E4 (talk) 16:18, 26 February 2025 (UTC)

:It is difficult to respond to a general grievance like this. Please detail the specific content you find problematic and how you feel the sources provided are not accurately summarized, or if you have relevant sources.

:Articles are not judged based upon other articles, but on their own merits, see other stuff exists. 331dot (talk) 17:53, 26 February 2025 (UTC)

Hi, I'm working in WFG since an year and I confirm that it is not an MLM. This information in the article is misleading. It's model might seem similar to MLM at first to people because they have no knowledge about it's compensation model which is definitely not at all resembling MLM or Pyramid. Wikipedia is a trusted cite by people and misleading information like this is causing loss of people. 209.171.85.172 (talk) 17:13, 29 April 2025 (UTC)

:We follow the cited sources on this, and they support the present text. See WP:V and WP:NOR for details. That we follow reliable sources and not comments by individuals on talk pages is largely why Wikipedia is trusted. MrOllie (talk) 17:18, 29 April 2025 (UTC)

:Wikipedia is not concerned with employee or customer retention. If the sources used in this article are in error, you need to take that up with them first, and/or offer sources not yet present that describe the company differently. 331dot (talk) 17:40, 29 April 2025 (UTC)