Archive - March 24, 2009

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NAPFA’s Response to the Madoff Scandal

NAPFA’s Response to the Madoff Scandal

Bernard Madoff ‘Made Off’ With Investor Money –

How Other Consumers Can Avoid a Similar Fate

Bernard Madoff’s alleged Ponzi Scheme stands as an example of how the financial services industry has failed to protect the best interests of consumers. It highlights the increased need for consumers to proceed cautiously when working with an advisor and the importance of asking pointed questions before hiring a professional.

As the post-Madoff era begins and the federal government and industry regulators decide the best course of action to protect consumers, people need to ask the right questions of an existing or potential advisor.…

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