Well, not quite so stealthily, if the brokers are paying any attention to what's going on.
On the Interglobal website, prospective customers are encouraged to bypass their broker and sign up direct, using a term they call 'Execution Only Customers'. What this means is that customers sign up direct with Interglobal, thus cutting the brokers out of the deal. Mike Henry tried a similar dirty tactic against Mike Henry Travel Insurance agents a few years ago in New Zealand when he ran TV advertising. In these ads, Henry displayed the Mike Henry Travel Insurance web address, and viewers were instructed to go to Mike Henry's website and sign up direct, thus cutting out the travel agents. This caused such a ruckus from travel agents that Mike Henry was forced under pressure to remove the web address from the TV spots, and replaced it with text and a voice-over which stated: "See your bonded travel agent".
Can Henry and Nichols can get away with yet another slimy trick against those who have built the business they control? That will be determined by whether or not the brokers put up with it. It wouldn't be the first time Mike Henry and Steve Nichols stole from people who were mislead into believing that Mike Henry is a legitimate and honest businessman.
See: http://www.interglobalpmi.com/ig_index.php
