The SEC and FINRA alert concerning pension factoring and structured settlement factoring prompted a Forbes.com article entitled “Pension Loans Finally Catch Regulators Attention“, available here.
According to the article, those considering entering into, or investing in, such deals, should: “Ask for a contract to review upfront before you sign anything. Then tell the company you want to consult with a tax adviser/CPA, financial planner or lawyer. See how they react. If they refuse to show you a contract or be honest about the terms, then move on.”