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February 17, 2010 at 07:00 PM
According to a recent study by the AARP and the North American Securities Administrators Association (NASAA), the business of free-lunch marketing is once again at odds with ethical advising. The National Ethics Bureau reported some of the findings:
? Just more than 60 percent of respondents 55 years or older said they received a seminar invitation by mail. Of those, 57 percent say they’ve received five or more invitations in the last year.
? One in 10 respondents say they’ve attended a free-lunch seminar sometime in the last three years.
? 78 percent of seminar attendees expected the seminar to educate them about financial issues rather than try to sell them something (21 percent).
