CFPB calls for reform of advisers' "senior designation" titles

04/24/2013 | Chicago Tribune (tiered subscription model)

The Consumer Financial Protection Bureau has proposed creation of a system to help investors evaluate the legitimacy of the many "senior designation" titles that financial advisers use to market their services. Some of these designations are evidence of special training or qualifications of value to seniors, while others are meaningless, the bureau said in a report to Congress and the Securities and Exchange Commission.

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