Guillermo Haro

Guillermo Haro's House

Guillermo Haro's House (Google Maps)
Guillermo Haro's House (Birds Eye)
Guillermo Haro is an associate at World Financial Group (WFG), a financial services marketing organization headquartered in Georgia. In 2008, he was charged by the SEC with fraud and misrepresentation in regards to the sale of securities. He paid just under $4 million for this 8,600 sq. foot home in 2007.

WFG is a multi-level marketing 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. It is wholly owned by Transamerica, a subsidiary of Aegon. World Financial Group associates are compensated by selling financial services products and receiving commission overrides from people that agents sponsor into the company. On March 23, 1998, WMA Executive World Headquarters opened in Duluth, Georgia. The 100,000-square-foot (9,300 m2) building housed 500+ employees.

In November 1998, WMA was fined $100,000 "for not properly supervising its sales agents" after their clients lost nearly $2 million in unregistered investments. In 2000, WMA was fined $125,000 "for failing to report nearly 900 customer complaints".

In June 2001, select assets of WMA were purchased by AEGON and renamed World Financial Group, Inc. Humphrey retained WMA Mortgage Services, Inc. and the original logo, which was used in his subsequent companies World Leadership Group and Hegemon Group International. As part of the conditions of sale, Humphrey was placed on a noncompete agreement and could not compete in the insurance industry until 2013.

World Financial Group has over 3,500 offices in the United States. The World Financial Group Canadian division, World Financial Group Insurance Agency of Canada Inc., moved to Toronto, Ontario in February 2012. In 2008, World Financial Group had over 80 Canadian offices and over 1,500 agents. On July 1, 2013, WFG Securities of Canada, Inc. changed its name to Transamerica Securities, Inc.
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