European Stars And Stripes (Newspaper) - January 14, 1987, Darmstadt, Hesse Consume anew permit to protect the investor by Mary Neth consumer editor life insurance agents who have Bee Selling investments illegally won t have uneasy Lime of it in he usar Elir Safe commercial solicitation is office in Heidelberg has come up with a new permit that informs the consumer of just what the individual agent is allowed to handle. The office will begin issuing the permits next month by february 1988, All agents Legi tiered with Usa eur Safe will be Laquire to have them Howard Hammond chief of the is office explains thai special training is required to sell Mutual funds securities or Lim Ilad partnerships the agent must attend classes and take Testa Given by the National association of securities dealers. There Are different Levels of tests that cover sales of different products. To enter the company into an investment contract the agent must have passed the required test and tie a registered principal says Hammond. A life insurance agent should not be Selling Mutual funds for some agents however have been Dang jus that according to Hammond they have gotten around the requirements by having a person within the company who a a registered principal review and sign the contracts they have sold. Usa eur wants to Stop this practice after All Consumers should not be sold or advised about investing in Mutual funds securities or partnerships by people not trained in the Field the new permits list not Only the name of the solicitor and the me insurance company he represents but the name of the broker dealer he works for and the categories of investment he is registered to sell the agent can lepers Cal Only one broker dealer the permit is not an installation pass says Hammond anyone using such a permit Slit must be signed onto a military the new Buff coloured permit a form 3379a replaces the yellow a a form 79. A sticker on the opening Page shows the Dale the permit will expire according to Hammond there Are so general life insurance companies or general agents registered in Usa eur each is allowed so salesmen. All allowed to sell investments Are bonded by their companies for ��5.000. People who Deal with agent who arc nol registered with Usa eur do so at their own Hammond continues if there Are complaints about a Usa eur registered firm they can be taken up with a Legal or commercial affairs officer. Ninety nine percent of the time we can solve the problem to the consumer s satisfaction. If the consumer is dealing with a firm that is not registered however we can t sometimes the person who has purchased a Mutual fund for example does not discover that the product was misrepresented until several years have passed. If the firm was not registered with the military it May be More difficult to track Down. Erma Bombeck it s enough to make Willy Loman polish his shoes on the Back of his Pant legs. The innkeepers of he world Are bringing Back elegance to travellers by substituting suites for rooms the Fairmont hotel in san Francisco just unveiled the open opulence. A $20,, eight room suite with four fireplaces three bedrooms Library with secret passage and persian tiled game room. You also gel accommodations Lor 19 fiends. Oom Perignon. Strolling violinists and a Nice View. I be done a fair amount of travelling and i must Tell you a suite is the biggest waste since they opened a planned parenthood Center in a retirement Community. I had a suite in Las vegas once with a heart shaped vibrating bed and a Mirror on the ceiling since i travel alone. I rationalized i was paying $500 a Day to watch my cellulite in a heart shaped jello Mold. I had another suite in new York once that had a Board room Wilh a table the size of my entire House. Ii had a bar and a concert grand piano and five bathrooms All i could think of was the time when our family travelled win five of us jammed in one room of a motor Lodge and the dog drinking water out of the ashtray and me thinking there is no there is a Law that should be in Murphy s Lepe Loire that says. The Shorter your stay. The Moie elaborate and spacious the hotel i remember checking into a hotel in Florida at f . Where the wine was chilled or fuds floated in bowls around the Jacuzzi a soft Breeze from the Balcony caressed the living room and the Kitchen held All kinds of cheeses and snacks i checked out five hours Laler. Another time i was
