NEB Urges Advisors to Rebuild Public Confidence
SAN DIEGO, CA, January 29, 2009—The National Ethics Bureau is urging its members to restore public trust in the wake of the Bernie Madoff scandal.
“The $50 billion Madoff Ponzi scheme has done serious damage to our industry,” says NEB Chairman Steven R. McCarty. “It has made consumers question the integrity of their financial advisors and | Continued » |
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NEB Launches Preferred Risk E&O™ at Creative Marketing’s “Learn to Earn” Conference
SAN DIEGO, CA, November 4, 2008—The National Ethics Bureau (NEB) presented its Preferred Risk E&O™ program at Creative Marketing’s “Learn to Earn Agent Sales Summit” on October 8-10, 2008 in Overland Park, Kansas. The nearly 300 attendees had an opportunity to learn sales concepts from proven producers, to hear about looming regulatory changes, and to discover how to buy E&O | Continued » |
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The National Ethics Bureau™ (NEB) is a leading advocate for business ethics in the financial services industry. NEB promotes ethical business practices through its trade-magazine columns, conference presentations, monthly newsletter, and website content. It also maintains a membership community of background-checked advisors who have agreed to uphold its principles and membership standards.
NEB also sponsors related services such as Preferred Risk E&O insurance and state-approved ethics and compliance continuing education courses for licensed insurance agents and securities brokers.
For the general public, NEB provides the ability to purchase a background check on any financial professional prior to doing business.
NEB is not a financial designation, nor does it endorse any products or services offered by its members or sponsors.
For more information, visit www.ethicscheck.com |
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CNBC Features NEB
National Ethics Bureau Recommended
as Key Consumer Resource (VIDEO CLIP) |
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CNBC’s “On the Money” program recently featured NEB as an important scam prevention resource. In fact, they strongly urged all consumers to check out their advisors with NEB before doing business.
This is a tremendous marketing opportunity for all NEB members. Here’s how to take advantage of it: | Continued » |
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Tips for Detecting Incapacity in Older Investors
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The third annual Senior Summit held in Washington D.C., produced a helpful report for financial advisors wishing to improve how they serve older investors. The report, produced jointly by the SEC, NASAA, and FINRA, dealt with many issues, including how to detect signs of diminished capacity among older investors.
Key “red flags” in this regard include the following:
- The investor appears unable to process simple concepts.
- The investor appears to have memory loss.
- The investor appears to have difficulty speaking or communicating.
- The investor appears unable to appreciate the consequences of decisions. | Continued »
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| Rogue Advisors on Parade |
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Recent crimes and consequences in the
financial services industry.
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Just Say “No” . . . and Success Will Follow
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Watch out for the word “yes”. Saying “yes” too often can lead you to spend too much money, grow too fast, or take too many financial risks. It can even ensnare you in unethical or illegal business practices that get you thrown out of the business—or worse. |
But it’s easy to see why so many advisors become “yes-men” and “yes-women”. Our culture encourages it. It promotes wanting more than we have and saying “yes” to stuff we can’t afford. It hypes super-sized food portions, and big SUVs, even though our stomachs, budget, and environment are crying “no.”
Well, it’s time to say “no” to “yes,” and in so doing, rediscover the best in ourselves. By just saying “no,” you force yourself to focus on only those activities that drive your business forward. By just saying “no,” you eliminate distractions and become more efficient. Finally, by just saying “no,” you avoid ethical lapses that can ruin your reputation and prevent you from becoming an advisor others seek to emulate. | Continued » |
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| How to Neutralize Madoff Anxiety |
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“Is my financial advisor a crook?” That’s the question a lot of consumers are asking themselves in the wake of Bernie Madoff’s $50-billion Ponzi scheme.
The good news? You have a powerful answer to this question. You’re a member of the National Ethics Bureau.
As an NEB member, you belong to a unique community of background-checked advisors. And because you’re a member, you have a strong competitive advantage over non-member advisors. Since non-members haven’t submitted themselves for NEB review, clients must do their own due diligence. This is a time-consuming and frustrating process, which most consumers rarely finish (or even start). | Continued » |
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Contact us: Phone: (800) 282-1831 | www.ethicscheck.com
Copyright © National Ethics Bureau Inc. 2008. All Rights Reserved.  |
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