Fraud is defined as “Deceit, trickery or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.” Whereas mis-selling is defined as “Ethically questionable practice of a salesperson misrepresenting or misleading an investor about the characteristics of a product or service. In an effort to make a sale to a potential […]
Read MoreMis-selling of insurance products is rampant in our country. Here’s are a few thoughts to protect yourselves. The new regulations coming into effect from September 1, 2010 in the insurance industry is most certainly a welcome change. But in the short-run, it is leading to considerable mis-selling by agents. In fact, it has become a […]
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