Notice how almost all customer complaints against WFG agents get denied?
In the review yesterday, How WFGers RIP YOU OFF!, the author talks about looking up WFG agents in Finra’s BrokerCheck.
If you think your WFG agent lied to you and cheated you, you may be forced to *arbitrate* to try to prove it. You don't want arbitration. You don't want to give up your right to a jury trial. Arbitration usually favors the company. Arbitration very often stacks the deck against you. It often denies you justice.
Before you sign or pay anything, demand your WFG agent show your the contract language that spells out how you resolve disputes. If it forces you to arbitrate, that’s bad news for you. If it forces you to *individually* arbitrate--i.e. The contract bars you from joining a class-action suit--that’s even worse news.
It’s very important you know your rights.
Read more about arbitration here at these two links (replace “dots” with periods):
Blogs dot orrick dot com/insurance/2015/05/27/closing-the-courthouse-door-to-insurance-disputes-mandatory-arbitration-clauses-in-insurance-policies-gain-traction/
Www dot nytimes dot com/2015/11/01/business/dealbook/arbitration-everywhere-stacking-the-deck-of-justice dot html
Good luck. Make make sure you do your homework up front. *Before* you sign or pay anything.
More Review Details
|Value for money|
|Advertised vs Delivered|
|Diversity of Products or Services|
|Product or Service Quality|
What I liked
What I disliked
- Deceptive information
- Lose legal rights
- Reason of review:
- Bad quality
- Product or service
- Transamerica Ffiul
- Review category
- Financial Services