CNBC's "On the Money" program recently touted NEB as an important scam prevention resource, strongly urging consumers to check out their advisors with NEB before doing business.
"Protect the principle" is not as difficult as it may seem.
There is a mistaken belief among many, that investors should, by default, be classified according to stereotypical risk groupings which are, at best, crude and, at worst, completely misleading.
I am firmly of the opinion that this belief should be replaced by one for which the guiding principle is that the investor is in control of the asset allocation decision.
I can not imagine the folks who get ripped off by the likes of Maddof and others...ever hear the words "due diligence?!" The National Ethics Bureau is a simple way to verify that you are talking to an established Professional Advisor with a good track record...rather than a professional con artist with an Obama smile (I couldn't resist). On that note, I wonder if the big "O" could pass their scrutiny? Do you need a birth certificate to be a member? I digress...
This is a great tool for investors to check out the backround of a potential financial advisor. I would question an advisor that is unwilling to subject themself to a complete backround check.
NEB is a great resource for consumers. An in-depth background check on a financial advisor before handing over your money is the future of all investment transactions, period.
"Protect the principle" is not as difficult as it may seem.
There is a mistaken belief among many, that investors should, by default, be classified according to stereotypical risk groupings which are, at best, crude and, at worst, completely misleading.
I am firmly of the opinion that this belief should be replaced by one for which the guiding principle is that the investor is in control of the asset allocation decision.
petripr 2 years ago
I can not imagine the folks who get ripped off by the likes of Maddof and others...ever hear the words "due diligence?!" The National Ethics Bureau is a simple way to verify that you are talking to an established Professional Advisor with a good track record...rather than a professional con artist with an Obama smile (I couldn't resist). On that note, I wonder if the big "O" could pass their scrutiny? Do you need a birth certificate to be a member? I digress...
CLFIII 2 years ago
With everything that is going on in the financial world right now I think this is a great resource for investors
pstatler1 3 years ago
This is a great tool for investors to check out the backround of a potential financial advisor. I would question an advisor that is unwilling to subject themself to a complete backround check.
hansenplan 3 years ago
NEB is a great resource for consumers. An in-depth background check on a financial advisor before handing over your money is the future of all investment transactions, period.
macdaddy1963 3 years ago