SCSA Request of
Regulators Gets No Complaints
;
A Society of
Certified Senior Advisors (SCSA) request for regulators to report Certified
Senior Advisors (CSA) engaged in any questionable practices has resulted in no
complaints about SCSA’s 13,000-plus CSA members.
;
SCSA mailed 150
insurance commissioners, state divisions of securities, NASD officials, and
officers of the Association of Insurance Compliance Professionals a letter
February 3 that stated, in part, “Should you have any questions or concerns
about the behavior or practices of any professional using the CSA designation,
our independent Board of Standards would appreciate knowing about that and, if
appropriate, taking disciplinary action.”
;
More than four
months later, SCSA had received only one report, where a Texas regulator alerted
SCSA that an agent in that state was falsely purporting to be a CSA.
;
“We of course
realize that receiving no reports doesn’t necessarily mean that no CSA is doing
something that may be unethical or unscrupulous. But we find it noteworthy and
gratifying that even when we solicited complaints from agencies that are keenly
attuned to what’s going on in their jurisdictions, we received none. ; This is a
credit to the quality and integrity of the professionals from all walks of life
who have earned the CSA designation,” said Ed Pittock, SCSA president.
;
SCSA’s Board of
Standards has received 10 complaints so far in 2006 that allege CSA violations
of the CSA Code of Professional Responsibility. ; The majority were filed by CSAs
themselves. ; The Board has a range of options available to it, from exoneration
to revocation of the designation.
;
“Our commitment to
benefiting seniors has no expiration date,” Pittock said. ; “We are always
interested to hear from regulators who share that commitment.”
;
ABOUT SCSA. ; Society of Certified Senior AdvisorsÔ
(SCSA) is the world’s largest membership organization educating and certifying
professionals who serve seniors. ; Its headquarters is in Denver, Colorado.
;
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