As reported earlier, WINGS NETWORK had its business model questioned by Secretary of the Commonwealth of Massachusetts - Securities Division (SD), due to isolated acts committed by its independent distributors and had its financial assets impounded indefinitely. For those reasons, WINGS NETWORK decided to suspend its business activities and review the Company policy.
Unfortunately, three months have passed since the start of the investigation and the SD`s administrative process, and there has been no definitive statement from that entity, despite WINGS NETWORK’s constant search for celerity and solution.
In this context, maintaining our commitment to transparency, that guides every company action, WINGS NETWORK wants to assure all of its Distributors/Members that it remains aware of its obligations and as soon as the assets become available, WINGS NETWORK will comply with the Terms and Conditions of Contract, prioritizing refunds requested within the contract’s time frame of fourteen days.
WINGS NETWORK will maintain the constant update of information about the outcome of decisions taken by U.S. authorities.