The North American Securities Administration Association (NASAA) and the
Office of Investor Education and Advocacy of the Securities and Exchange Commission (SEC) have issued a
joint bulletin encouraging investors to look beyond a financial professionals’ credentialing initials
and title in order to determine what
type of financial professional you are dealing with.
The explosion of financial professional titles and initials, oftentimes
inserted after investment professional’s names, is enough to confuse the average investor and many of
these purported titles, initials, certifications are virtually meaningless in the bigger scheme of
things. A title and/or initial after the name of your purported financial professional does not
assure competent, ethical and honest advice. Many financial professionals use various titles and
initials even though they may not be registered or licensed with a State or Federal securities
regulatory authority or self-regulatory authority.
Working with a financial professional who has a long-term history of
registration or licensure with Federal, State and/or self-regulatory authorities may be helpful in
determining whether or not this individual has the appropriate professional history to be doing business
The bulletin issued by NASAA and the SEC includes an important link entitled
“How to Check on the
Financial Professional’s Title” which can afford you essential information.
We offer a free initial consultation to investors who feel they may have
been victimized in the financial markets. For a free initial consultation, contact The Law
Offices of Timothy J. O’Connor at (518) 426-7700.
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