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    Articles

    Avoid Scams

    Beware Mortgage Assistance Relief Scams

    By: National Ethics Association on March 19th, 2013 • Comments: 0

    The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on desperate homeowners is equally frightening. Many companies say they can get a change to your loan that will reduce your monthly mortgage payment or take other steps to save your home. Some claim that nearly all their customers get successful results and even offer a money-back guarantee. Others say they're affiliated with the government or your lender and still others promise the help of attorneys or real estate experts.

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    Avoid Scams

    Deceptive Mortgage Ads: What They Say; What They Leave Out

    By: National Ethics Association on January 10th, 2013 • Comments: 0

    The Federal Trade Commission, the nation’s consumer protection agency, says that when you’re shopping for a home loan, it’s important to understand all the terms and conditions of a proposed loan. Start with what is in the ad itself. Read what’s between the lines as well as what’s in front of your eyes.

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    Avoid Scams

    How to Avoid Home Equity Scams

    By: National Ethics Association on December 21st, 2012 • Comments: 0

    You could lose your home and your money if you borrow from unscrupulous lenders who offer you a high-cost loan based on the equity you have in your home. Certain lenders target homeowners who are elderly or who have low incomes or credit problems — and then try to take advantage of them by using deceptive practices.

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    Avoid Scams

    Defective Imported Drywall: Don’t Get Nailed by Bogus Tests and Treatments

    By: Harry J. Lew, NEA Chief Content Officer on November 16th, 2012 • Comments: 0

    Some U.S. homes built between 2003 and 2008 contain imported drywall, known in the press as Chinese drywall. Some consumers who live in these homes have reported problems, including a strong sulfur smell, like rotten eggs; health issues, like irritated and itchy eyes and skin, difficulty breathing, a persistent cough and headaches; and premature corrosion or deterioration of certain metal components in their homes, like air conditioner coils and wiring behind electrical outlets and inside electrical panel boxes.

    (Read More)


    Avoid Scams

    Taxpayer Alert: How to Recognize and Avoid Identity Theft Scams

    By: National Ethics Association on July 19th, 2012 • Comments: 0

    Across the nation, identity thieves are using legitimate information to scam honest taxpayers, and frequently posing as the IRS to do so. The IRS is taking this seriously, and has created the IRS Identity Theft Protection Unit to address the growing problem.

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    Avoid Scams

    Red Flag Reminder #154 - To RAA or Not to RAA? Help Life Insurance Beneficiaries

    By: Harry J. Lew, NEA Chief Content Officer on December 2nd, 2011 • Comments: 0

    Life insurance companies offer retained asset accounts (RAAs) as a convenience to beneficiaries upon the death of an insured. However, this past summer, RAAs drew controversy after the publication Bloomberg Markets raised questions about the interest rates paid, whether beneficiaries truly understood their options, and the guarantees that apply to policy proceeds. Since then, state regulators have begun to issue guidelines, while the National Association of Insurance Commissions (NAIC) has begun drafting a model law.

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    Avoid Scams

    Reminder #153 - Financial Planning Association Highlights Compliance Software

    By: National Ethics Association on November 3rd, 2010 • Comments: 0

    Compliance software should play a greater role in practice management, according to a new report from the Financial Planning Association (FPA). The recent compliance edition of the FPA-ActiFi 2010 Advisor Technology Reports suggests advisors should think holistically about compliance rather than view it as an ancillary practice activity. To that end, they should use the same tools, processes, and people to manage compliance as they do to manage other practice functions.

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    Avoid Scams

    Reminder #152 - New York-Writing Agents: Compensation Disclosure is Here

    By: National Ethics Association on October 14th, 2010 • Comments: 0

    Resident and non-resident agents licensed to do business in New York must begin disclosing to clients information about the compensation they receive from carriers. Regulation 194 is slated to take effect on January 1, 2011.

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    Avoid Scams

    Reminder #151 - Senior Best Practices the Focus of New Fed Report

    By: National Ethics Association on September 15th, 2010 • Comments: 0

    The Securities and Exchange Commission, Financial Industry Regulatory Authority (FINRA), and North American Securities Administrators Association (NASAA) have issued a joint report that outlines practices used by financial services firms to better serve senior investors as they approach and begin retirement.

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    Avoid Scams

    Reminder #150 - SEC Mandates Plain English for Investment Advisor Brochures

    By: National Ethics Association on August 4th, 2010 • Comments: 0

    If you’re a registered investment advisor, get ready to disclose more information on your Form ADV, Part 2 and to use plain English. That’s because the Securities and Exchange Commission recently voted to adopt changes to the principal disclosure document that advisors provide to clients and prospective clients.

    (Read More)


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