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  #21  
Old 04-11-2012, 06:29 PM
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Things like this scare me. I'm not sure what I'd do if I acted ethically and with due diligence, but ended up being charged with and convicted of a crime. This case, if the fact present an accurate picture, is an outrage. Poor guy!
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  #22  
Old 04-12-2012, 11:17 AM
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Quote:
Originally Posted by Jonnyboy View Post
Things like this scare me. I'm not sure what I'd do if I acted ethically and with due diligence, but ended up being charged with and convicted of a crime. This case, if the fact present an accurate picture, is an outrage. Poor guy!
I would be curious to know what prompted to DOI to start the investigation.
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  #23  
Old 04-12-2012, 12:30 PM
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Things like this scare me. I'm not sure what I'd do if I acted ethically and with due diligence, but ended up being charged with and convicted of a crime. This case, if the fact present an accurate picture, is an outrage. Poor guy!
Can't worry about random circumstances like that. Where advisors (good ones) get a conflict is when consumers demand a product or service that the advisor is required to advise against. You can offer the product/service and take the income, or you can decline - and the consumer simply walks to the next person who will offer it to them. It's real simple - you turn it down and someone else makes the money, with no probable implications.

e.g. in some jurisdictions, advisors are required to do an analysis of how much insurance someone needs. Client calls and says 'give me $250,000, I don't want to even listen to you - just do it'. Sounds easy to turn them away - but if it's your pay for the week that it's going to cost you, that can be tough. And if it's $10,000 of income, that's tough. Throw in the fact that the advisor knows that someone else less ethical will write the business so the client will actually be better served if you just write it up.....and you've got a real conflict.

But I digress .
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Old 04-12-2012, 12:48 PM
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8 year old kid in me says...hehehe dick duff hehehe
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that's why they invented doggy style
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  #25  
Old 04-12-2012, 12:50 PM
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and yeah, seems like the dude got shafted big time!
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  #26  
Old 04-12-2012, 02:19 PM
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Everyone involved in this case, DOI, judge, defense attorney, county judge, has a lot of questions to answer. Wow. Talk about pure incompetency.

If I were ever charged with anything, I don't know what I'd do. The justice system sucks.
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  #27  
Old 04-15-2012, 11:10 AM
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Seems to weird, is there more to the story?
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  #28  
Old 04-24-2012, 06:43 AM
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More, lots more, on this case:
http://www.lifehealthpro.com/2012/04...HealthPro_eNLs

As an understatement: this does not bode well.
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  #29  
Old 04-24-2012, 06:48 AM
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And it looks like some are using this as evidence to be used as part of a class action lawsuit against annuity writers....

...but perhaps that Walmart Supreme Court case will make it easier for the insurers to break up the class action into smaller parts.
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  #30  
Old 04-24-2012, 06:51 AM
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and more:
http://www.lifehealthpro.com/2012/04...HealthPro_eNLs
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