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Resource ID: #17294
Subject: Financial Investigations
Source: Money Magazine
Affiliation: 
Date: May

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"The World Marketing Alliance's nearly 11,000 licensed securities brokers comprise the fourth-largest broker sales force in the country, yet the company passes under the radar of most journalists ... Unlike its better-known financial peers, the company applies an Amway-like sale structure that often runs counter to investors' best interests. To support the layered compensation structure, brokers must sell high commission products. And to earn more money, brokers must recruit other brokers, a system that fosters a decentralized sales culture in which rogue brokers can operate undetected."

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