STRUCTURED SETTLEMENT WATCHDOG®


GIVE CONSUMERS A VOICE IN THE ABSENCE OF a regulaTOR

Consumers with legitimate stories need their voices heard

  • Help root out and correct inaccuracy in social media and other online media related to structured settlements
  • Help curtail the ongoing wholly misleading misrepresentation of factored structured settlement payment rights as "annuities", secondary market annuities", or through snappy but misleading acronyms such as SMA, SMAP, and SMIA to investors by salespeople and their companies, including some who have insurance or securities licenses who should know better; help curtail the insinuation that investors in such structured settlement derivatives enjoy the same statutory protections as buyers of legitimate annuities; encourage the disclosure of transaction risk that has been absent in the sales materials of many of these salespeople.. Failure to disclose such material risk is inexcusable..
  • Root out misrepresentation and fraud in the structured settlement secondary market
  • Expose the use of fake testimonials by members of the structured settlement secondary market
  • Encourage potential informants and other commentators who expose,  or help to expose bad business practices, with the goal to improve the greater structured settlement industry
  • Encourage individuals (ether annuitants, brokers or structured settlement factoring insiders) with knowledge of bad practices, to come forward to provide information that will lead, if applicable, to the criminal prosecution of the most serious offenders whether in the United States, or elsewhere. An international structured settlement ''neighborhood watch" if you will 
  • Encourage the establishment and maintenance of higher standards for Independent Professional Advice (Structured Settlement IPA) under state structured settlement protection acts.
  • Seek resolution for structured settlement annuitants and help preserve the integrity of the industry by reporting instances where a structured settlement protection act's "best interest standard" has been inadequately enforced
  • Encourage legislators to establish critical licensing and/or registration and oversight for the structured settlements secondary market, so that individuals with criminal records are not allowed to be put in positions of trust involving money consistent with securities and insurance regulations

Unlike any other financial marketplace, in the structured settlement secondary market segment there is no licensing and many companies paying cash now for structured settelment payments are soliciting business from citizens of states where they are not registered to do business. To compound that, some of these companies are inducing people to commit fraud so they can make massive profits at the expense of their victims. Some structured settlement secondary market companies have even committing fraud themselves. Public records show that people with felony records and bans from other financial regulatory organizatons participate and/or have participated in the structured settlements secondary market. Unfortunately a huge gap in regulation fails to protect how consumers and investors can be solicited.  What regulation there is, is not consistently effective enough and weaknesses are exploited to the detriment of American consumers.  As things stood in late 2016,  with the exception of recent developments in Maryland and its ambitious Attorney General Brian Frosh, there is inexplicably, no regulatory body that consumers, investors in structured settlement payment rights, or participants in the structured settlements secondary market can easily turn to if they wish to address questionable business conduct. So the Structured Settlement Watchdog® writes/barks about it. With respect to raising awareness, the blog Structured Settlements 4Real® is a success, ranking consistently in or about the all time top 100 of the Justia Blawg Search and is ranked among with top websites in the structured settlement industry.

WHY IS THERE A STRUCTURED SETTLEMENT WATCHDOG?

Who is the structured settlement watchdog?

 

Structured Settlement Watchdog® John Darer®, is an experienced AM Best Recommended Structured Settlement Expert, Master Structured Settlement Consultant, Sudden Money Advisor and Registered Settlement Planner who has voluntarily served as the industry watchdog since 2005 when he created the Structured Settlements 4Real® blog, a leading source of structured settlement information and news and expert opinion, including settlement planning issues/ ideas and alternative deferred payment solutions.  John Darer's Structured Settlement Watchdog® commentary exposes bad business conduct in the structured settlement secondary market, provides relevant information that may be helpful to attorneys, plaintiffs, defendants, claims adjusters, judges, investigative reporters in local and national news media, sellers and buyers of structured settlement payment rights, law makers, law enforcement, attorneys general, the Consumer Financial Protection Bureau (CFPB), the FTC, consumer and disability advocate groups and interested others. The content is informative, irreverent and effective.

PRO BONO MISSION OF THE WATCHDOG

CLEAR THE PATH FOR LEGITIMATE STRUCTURED SETTLEMENT INFORMATION

via critical commentary/education

RAISE AND MAINTAIN AWARENESS OF BAD BUSINESS PRACTICES

Critical topics need to be addressed:  The Good, The Bad and The Ugly