by Structured Settlement Watchdog
An army of structured settlement cash now pushers seems to be moonlighting as unregistered, unlicensed “financial gurus”, doling out advice to structured settlement annuitants like candy at a parade
Some have blatantly attempted and may succeed inducing less sophisticated folks to sell their structured settlement payments using baseless investment projections, so that they can make obscene profits. In a week where the stock market has dropped 4% the attention turns to these scoundrels and the lives they may have wrecked with their reckless and possibly unlawful advice.
It’s highly doubtful that these companies are insured for advice by such unlicensed and unregistered people and therein lies the social dilemma
In my opinion such companies, their employees and affiliates who participate in such activity need to be prosecuted.