Filed Under:Annuities, Suitability

Neasham case settled, but aftershocks continue

Neasham case closed. Or is it?
Neasham case closed. Or is it?

A decision this week by the California Appellate Court to overturn the conviction of Glenn Neasham for theft from an elder in connection with the sale of an annuity is a welcome result for the insurance and the financial services industry. However, the case still holds important lessons for professionals when they work with elderly clients.

That was one of the upshots from a webinar held today sponsored by the Society of Financial Service Professionals (FSP) that recapped the case from its beginning in 2008 to the reversal that came down on Tuesday. FSP filed an Amicus Brief (“friend of the court”) in conjunction with the appeal process.

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Nichole Morford

Nichole Morford
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