WORLD EQUITY GROUP, INC. of SCHAUMBURG, IL is an SEC-registered investment adviser (CRD 29087). Regulatory assets under management: $1.0B. This firm reports disciplinary history on Form ADV.
Compensation: % of AUM, Hourly, Fixed.
Clients served: Individuals, High net worth, Charities, Corporations.
| Name | Role | Location |
|---|---|---|
| Craig Michael Gould | CHIEF EXECUTIVE OFFICER | — |
| Mark John Jr Lishchynsky | CHIEF OPERATING OFFICER | — |
| William Dudley Jr Webb | CHIEF COMPLIANCE OFFICER | — |
| Stephen Stanley Dudas | PRESIDENT | — |
| DUDAS STEPHEN STANLEY | FINOP; PRESIDENT | — |
| BABJAK RICHARD STEVEN JR | DIRECTOR AND COMPLIANCE OFFICER; PRESIDENT; PRESIDENT AND FINOP, SROP, AND CROP (+5 more) | — |
| YAROSZ ROBERT DANIEL | DIRECTOR; PRESIDENT; PRESIDENT OF COMPASS DIVISION | — |
| RICHARDS GARY THOMAS | SROP/CROP | — |
| STARK BARRY CRAIG | CHIEF COMPLIANCE OFFICER | — |
| COKINIS CHRISTOPHER ALEX | CHIEF COMPLIANCE OFFICER | — |
| ACRI ROBERT CHRISTIAN | CHIEF COMPLIANCE OFFICER; CHIEF OPERATING OFFICER | — |
| KING PAUL STEPHEN | CHIEF COMPLIANCE OFFICER | — |
| HOPKINS KRISTY LYNN | CHIEF COMPLIANCE OFFICER | — |
| LINK BARRY NEAL | OWNER | — |
| MATHUES JOHN HOWARD | DIRECTOR; PRESIDENT | — |
| GOULD CRAIG MICHAEL | CHIEF EXECUTIVE OFFICER; PRESIDENT | — |
| LOVETT MATTHEW LEE | CHIEF COMPLIANCE OFFICER | — |
| WALTER ROBERT ALAN | VICE PRESIDENT | — |
| WEGLARZ JEFFREY STEVEN | CHIEF COMPLIANCE OFFICER | — |
| LISHCHYNSKY MARK JOHN JR | CHIEF OPERATING OFFICER | — |
| SMITH DAVID LEON | CHIEF COMPLIANCE OFFICER | — |
| WEBB WILLIAM DUDLEY JR | CHIEF COMPLIANCE OFFICER | — |
Showing 10 of 12 distinct disclosure events.
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2019-10-18 | regulatory | DURING THE PERIOD OF JULY 1, 2016 THROUGH DECEMBER 31,2016 (THE "REVIEW PERIOD"), WORLD EQUITY GROUP, INC. FAILED TO REPORT TO TRACE 197 TRANSACTIONS IN CORPORATE DEBT SECURITIES WITHIN THE TIME REQUIRED BY FINRA RULE 6730(A). WORLD EQUITY GROUP'S LATE REPORTING RESULTED FROM DELAYS CAUSED BY FIRM E… | Final | $19K |
| 2018-08-23 | regulatory | FROM APRIL 2013 THROUGH MARCH OF 2017, THE FIRM FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY SYSTEM AND WRITTEN SUPERVISORY PROCEDURES REASONABLY DESIGNED TO ENSURE THAT REPRESENTATIVES' RECOMMENDATIONS OF VARIABLE ANNUITIES COMPLIED WITH APPLICABLE SECURITIES LAWS AND REGULATIONS, AND FI… | Final | $100K |
| 2018-01-03 | regulatory | THE FIRM DID NOT FILE A REPORTABLE EVENT TO THE NORTH CAROLINA DEPARTMENT OF INSURANCE WITHIN THE REQUIRED TIME FRAME ACCORDING TO THEIR STATE STATUTES. | Final | $250 |
| 2017-03-01 | regulatory | DURING THE REVIEW PERIOD, THE FIRM FAILED TO REPORT TO TRACE 83 TRANSACTIONS IN TRACE-ELIGIBLE CORPORATE DEBT SECURITIES WITHIN THE TIMEFRAME REQUIRED BY FINRA RULE 6730. THESE 83 REPORTS CONSTITUTED 7.2 PERCENT OF THE FIRM'S TOTAL TRACE-ELIGIBLE TRANSACTIONS IN CORPORATE DEBT SECURITIES TO BE REPOR… | Final | $15K |
| 2016-04-25 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM AND ESTABLISH, MAINTAIN AND ENFORCE WRITTEN SUPERVISORY PROCEDURES REASONABLY DESIGNED TO IDENTIFY AND PREVENT POTENTIALLY UNSUITA… | Final | $50K |
| 2015-02-03 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO IMPLEMENT A REASONABLY DESIGNED ANTI-MONEY LAUNDERING (AML) PROGRAM TO DETECT, INVESTIGATE AND REPORT POTENTIALLY SUSPICIOUS ACTIVITY. THE FINDINGS STATED THAT THE FIRM'S WRI… | Final | $225K |
| 2014-09-25 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO REPORT TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)-ELIGIBLE SECURITIZED PRODUCTS TO TRACE WITHIN THE TIME REQUIRED BY FINRA RULE 6730 | Final | $8K |
| 2013-12-09 | regulatory | THE FIRM DID NOT FILE A REPORTABLE EVENT TO THE NORTH CAROLINA DEPARTMENT OF INSURANCE WITHIN THE REQUIRED TIMEFRAME ACCORDING TO THEIR STATUTES. | Final | $250 |
| 2011-12-13 | regulatory | VIOLATIONS OF FINRA RULES REGARDING THE SUPERVISION OF ADVERTISING, COMMUNICATIONS WITH THE PUBLIC AND LICENSING AND REGISTRATION FUNCTIONS. VIOLATIONS INCLUDE FINRA RULE 2010, NASD RULES 2110, 2210(B)(2)(A), 2210(D)(1)(A), 2210(D)(1)(B), 2210(D)(2)(C)(I), 3010, 3010(A), 3010(B), 3110(A), INTERPRETA… | Final | $50K |
| 2011-12-12 | regulatory | VIOLATIONS OF FINRA RULES REGARDING THE SUBMISSION OF OATS REPORTABLE TRANSACTIONS. THE FIRM DID NOT QUALIFY FOR EXCLUSION FROM THE OATS REPORTING REQUIREMENTS BECAUSE IT ROUTED ITS ORDERS THROUGH TWO REPORTING MEMBERS. | Final | $15K |