Can you trust your finacial advisor? Hehe's how three families found financial advisors to help secure their wealth - Family Finances

Black Enterprise, Nov, 2002 by Donald Jay Korn

* Unlicensed individuals, such as independent insurance agents, selling securities. If an insurance agent offers to manage your stock portfolio, make sure he or she is licensed to sell securities. In many states, insurance agents, lured by high commissions, sell high-risk investments. Verify that an agent is registered to sell securities by calling your state securities regulator (usually the state attorney general). If the agent is not registered, don't buy.

For more information about broker scams and securities fraud, check out the following Websites: The U.S. Securities and Exchange Commission (www.sec.gov), The North American Securities

Administration Association (www.nasaa.org), FraudBureau.com (www.fraudbureau.com), and StockPatrol.com (www.stockpatrol.com).