by John Darer CLU ChFC MSSC RSP CLTC
The National Association of Settlement Purchasers (NASP) has released the agenda for its annual meeting in November 2014 in San Antonio, Texas.
It is significant that substantial time is allocated to addressing ethical concerns within the structured settlement transfer segment, and based on the topics scheduled to be discussed, there to be an implicit recognition certain NASP members or non-members are involved in unethical practices
- Litigation Update and The Impacts of Unethical Conduct
- Ethics Issues in Structured Settlement Transfers
- Practical and Ethical Consideration in Structured Settlement Transfers
- Illinois Transfers (i.e.what is happening at the scene of the Brenston case and the class action that followed)
The primary market segment features Peter Arnold of Arnold Consulting, former PR guru and deputy Executive Director for the National Structured Settlement Trade Association from March 2010 until a few months ago.
Eyebrows have been raised due to the timing of Peter Arnold's blog with a "careful for what you wish for message" about calls for greater regulation of the structured settlement secondary market by a panel sponsored by the American Association of Persons With Disabilities.
Pat Hindert's traditional Primary Market update features Medora Marriseau, an attorney from the Northwest for what appears to be Symetra/Clearscape, a company that no longer writes structured settlements. One assumes that there will be some meatier content than that.
Pat Hindert often expresses a critical perspective on the structured settlement primary market while providing limited and restrained criticism of the structured settlement secondary market
I urge Pat Hindert and NASP publicly address the need for regulation of the structured settlement secondary market at a level to other legitimate financial service industry sectors (e.g., insurance, securities, real estate, life settlements) or to justify why it should not be subject to equivalent regulatory standards.
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