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Massachusetts First To Reign In Deceptive Credentials for Advisers to Seniors
Massachusetts has passed legislation prohibiting the se of impressive-sounding but often meaningless credentials that financial advisers have used to deceive seniors, especially in recommending equity indexed annuities.
New regulations will allow only the use of credentials that are from nationally recognized accreditation agencies and which are approved by the state.
Source: Investment News, May 16, 2007
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
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