NEB Launches Preferred Risk E&O™ at Creative Marketing’s “Learn to Earn” Conference
SAN DIEGO, CA, November 6, 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 »
|
|
NEB Enhances Online
Ethics Archive
SAN DIEGO, CA, September 30, 2008—The National Ethics Bureau (NEB) has enhanced its online ethics archive by offering full text articles along with Google search capability.
The archive, located in NEB’s online newsroom, includes articles dating back to December 2004, published in magazines such as Senior Market Advisor, Boomer Market Advisor | Continued » |
| |
| |
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 |
|
| |
SPECIAL ANNOUNCEMENT
NEB Members Welcome High-Quality E&O
Insurance for Less |
|
NEB-sponsored Preferred Risk E&O, launched in early October 2008, has received a tremendous welcome from NEB members. The coverage, underwritten by CNA and administered by Marsh Consumer, gives qualified financial professionals the ability to save up to 50% on their E&O coverage.
“The response has truly been off the charts,” says Steven R. McCarty, NEB Chairman. “Now that high-risk agents are purged from the pool, low-risk agents can get a much better deal. In fact, most are telling us they’re saving hundreds of dollars.”
“NEB standards created a unique low-risk category of agents for Errors and Omission insurance that has never existed before,” adds Jeffrey S. Kopitz, NEB President. “Finally, agents with clean records no longer have to pay for other agents’ claims.” Currently, coverage is available to qualified advisors only. | Continued » |
|
| |
| |
 |
Court Ruling Maintains Difficulty in Clearing
CRD Records
|
| |
Following a recent U.S. Court of Appeals ruling, financial advisors will continue to find it difficult to purge their Central Registration Depository (CRD) records of consumer complaint information following a settlement agreement. This makes it all the more important for them to act proactively to prevent complaints in the first place.
In its Karsner v. Lothian ruling, the appeals court reversed a lower court decision that prohibited the State of Maryland from intervening in a stockbroker’s attempt to have a complaint purged from his CRD record. The state attempted to intervene in order to preserve its statutory ability to review license applications and determine advisor fitness to do business | Continued »
|
| |
|
| |
| |
| Rogue Advisors on Parade |
 |
Recent crimes and consequences in the
financial services industry.
|
|
|
|
| |
| |
|
Positive Lessons from a Negative Press
|
When the media goes negative against an industry, it’s natural for its leaders to react like a mother bear protecting her cubs. That’s exactly what happened after Dateline NBC’s broadcast its segment on annuity sales practices recently. |
The industry launched an aggressive defense, poking holes in Dateline’s methods, while also restating its commitment to ethical sales practices. But there’s a fine line between executives fighting the good fight and advisors getting preoccupied with the same battle.
So if you are replaying your Dateline video in order to hone your perfect defense, I urge you to stop. In my view, advisors who dwell on bad press only hurt themselves. That’s because negativity is toxic. It saps your energy. It casts a negative vibe around you. It wastes time. And ultimately, it distracts you from your real work: serving clients. | Continued » |
| |
|
| |
| |
| Promote Your NEB Membership in Uncertain Times |
 |
In a market meltdown, client emotions run high. Fear, panic, and anger wash over them like waves on a stormy sea. Some get paralyzed and have trouble making financial decisions. Others make rash moves they later come to regret. Another result is that they lose trust in large financial institutions. But they still need and want the services of a trusted financial advisor . . . you! In this environment, your NEB membership is a potent marketing resource.
Think about it. The global financial crisis was in part triggered by greed and poor risk management practices on Wall Street, worsened by lack of government oversight. If the current financial crisis has taught the public anything it’s that standards, accountability, and oversight matter. Although all three elements were lacking on Wall Street, they exist in abundance within the National Ethics Bureau. Your challenge: | Continued »
|
| |
|
| |
|
 |
 |
|
|
Contact us: Phone: (800) 282-1831 | www.ethicscheck.com
Copyright © National Ethics Bureau Inc. 2008. All Rights Reserved.  |
|
