ETHICSCHECK.COM PROVIDES FREE WEB RESOURCE TO HELP INVESTORS AVOID SCAM ARTISTS AND INVESTMENT FRAUD |
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SAN DIEGO, CA September 5, 2003 - The National Ethics Bureau (NEB) announced today that effective immediately, internet links to multiple regulatory agencies that govern individuals who solicit financial services are being made available on the NEB website at www.ethicscheck.com. Consumers may use these tools when conducting their own due diligence investigation before committing to work with an advisor in the financial services industry.
"Last year, the number one scam in America involved unlicensed individuals selling "investments", and the number two scam involved problem stockbrokers," said Steven McCarty, National Director for the NEB: 'These crooks stole billions of dollars, mostly from hard-working seniors. Ethicscheck.com has been re-designed to provide investors with a way to "check out" a financial advisor before they buy.
' According to AARP, Americans age 50 and over are by far the "leading group of investment fraud victims" and that the last five years have been the 'worst ever' for investment scams.
"With today's record-level consumer fraud, elder abuse, investor scams and corporate scandals, consumers should insist on knowing the credentials and background of the advisor that they are buying from," said Jeffrey Kopitz, NEB Chairman: 'ethicscheck.com is free to use, easy to navigate and will give consumers a real "head start" on these due diligence issues. Our website and services offer the buying public some peace of mind and a better night's rest.'
About National Ethics Bureau:
The National Ethics Bureau™ (NEB) is a membership organization of financial professionals who have successfully passed a comprehensive background check and have agreed to maintain NEB membership standards. All members are admitted into NEB’s national registry, which consumers can access free of charge to verify a member’s background.
NEB also advocates for business ethics and consumer protection through its trade-magazine columns, conference presentations, consumer guides, monthly Ethics Edge newsletter, and web site www.ethicscheck.com.
NEB is not a financial marketing organization. It does not sell or endorse any financial products. Nor does it receive financial considerations from its members or other entities who sell such products.
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