When consumers see or hear an advertisement, whether it’s on the Internet, radio or television, or anywhere else, federal law says that ad must be truthful, not misleading, and, when appropriate, backed by scientific evidence. The Federal Trade Commission enforces these truth-in-advertising laws, and it applies the same standards no matter where an ad appears – in newspapers and magazines, online, in the mail, or on billboards or buses.
The National Association of Settlement Purchasers (NASP), of which Strategic Capital is a member, represented to the Maryland Attorney General on September 9, 2016 and published on it works every day to promote best practices, consumer protections, and the highest ethical standards in the structured settlement purchasing industry. Given this claim by Strategic Capital, the rubbish put out by Novation Capital about "maximum payouts" (after its shafted Cedric Martez Thomas and a number of other young African Americans), the leadership of NASP has some work to do to keep its membership in line with the virtues NASP extolls to the public.
I will continue to keep the spotlight on members of the structured settlement secondary market who make unsubstantiated advertising claims.