Litigation

The Acquirer Doesn't Realize That "Size Matters"* and the Seller Advertises A Professional Designation That Does Not Exist

By John Darer

Noted author and structured settlement factoring promoter Patrick Hindert has announced that The Snyders are selling their structured settlement general agency, Delta Group to Upchurch Financial Services and showered them with platitudes. I hate to rain on "the lovefest" but somehow he missed this...

In honor of the event and in a massive "F.U." to regulators, Delta Group (The Snyders) has re-posted the misleading FAQ page which holds out many of Delta Group's people as being "Registered Settlement Advisors", a "professional designation" that does not appear to exist.

Download delta_group_customer_faqregistered_settlement_advisor_designation_representation_2272008.pdf

Dave Snyder was one of the first people I met with in the structured settlement business and someone I once highly respected for his wisdom. Considering who our industry serves, Delta Group's misleading advertising of a non existent "professional designation" to induce business is a needless black mark on The Snyders otherwise respectable career in this industry. What false sense of pride is preventing Dave Snyder from doing the right thing?

* See previous post re: Upchurch Financial Services and its "468(b)" expertise. Click link in right column.

Full post as published by Structured Settlements 4Real on February 27, 2008 (boomark / email).