Who Can Seniors Trust For Financial Advice?
December 5th, 2008
The state of Massachusetts is engaging in an interesting exercise, trying to determine who actually is qualified to represent themselves as an authority in financial matters of interest to seniors.
The state Securities Division has passed a final rule which says that not everyone can claim to be a senior affairs guru.
“Using a purported credential or professional designation that indicates or implies that a broker-dealer agent has special certification or training in advising or servicing senior investors, unless such credential or professional designation has been accredited by an accreditation organization recognized by the Secretary by rule or order.”
Translation: You actually have to meet certain standards to claim professional status.
read more
RSS Feed
