by Structured Settlement Watchdog®
Does taking a 4 day professional designation course sponsored by your trade association count as attending the University of Notre Dame?
Apparently a structured settlement industry veteran holds himself out in this manner even today February 11, 2014, in contravention to the facts about the designation long posted on NSSTA(dot)com, the website of the industry trade association.
The structured settlement broker's behavior is at best an embarassment to the industry, at worst unethical , possibly violates NSSTA's bylaws and possibly violates state insurance advertising laws. It makes a mockery of those past and present who academically earned the right to attend University of Notre Dame through scholarships or pay its tuition. It also demeans the value of the CSSC designation itself for those who accurately promote it because of their association with the errant colleague.
The National Structured Settlements Trade Association (NSSTA) expressly states on its website that the industry's professional designation program is the NSSTA CSSC program and "by hosting the NSSTA CSSC Program at Notre Dame, one of the most recognized institutions of higher learning in the world, participants have an opportunity to learn together and build lasting relationships that will last throughout their careers".
I've long recommended that structured settlement advice be sought solely from those with proper financial credentials, however those with credentials should not be permitted to exaggerate and mislead consumers of their services about the credentials they have.
Because I care about the structured settlement industry and what it represents, I began in October 2007 with 4 Days in the Vicinity of Touchdown Jesus Does Not make You One of The Fighting Irish, calling out people in my industry who misrepresented the CSSC designation, including in 2009, certain NSSTA Board members. In 2009 It was observed that some industry participants were even making the ludicrous claim that the 4 day NSSTA CSSC course was part of an Executive MBA program. At the present time a large selection of members of the firm of the current NSSTA President state on the website of the firm, that they have earned the professional designation from The University of Notre Dame, or Notre Dame University (which is actually a Lebanese university that does not host the NSSTA CSSC program at all), with no mention of NSSTA.
At what point does it become necessary to start informing state insurance regulators? If this was the securities industry, or West Point, the answer would be easy, you have a duty to inform.
Perhaps NSSTA could enforce its own guidelines and suspend the authority of those who have earned the designation if they do not promote it within the guidelines.