Bait and switch

Most administrative hearing matters are ultimately settled.  In the process of settlement, a significant amount of material is exchange with the understanding that it will not be used for any other purpose.  Recently, the Department of Financial Institutions has stated it will agree to very favorable settlement terms if only the Respondent will turn over a little more material.  This game can go on for weeks, with the Department asking for just a little more information to close the deal but never quite getting there. Much of what the Department asks for is personal financial information under the guise that it is necessary for them to determine whether they can reduce the financial penalties involved.  However, that same information can and will be used to garnish the respondent and seize their assets.  As the Department ultimately never offers a settlement, it is clear that is what they really want it for.Beware of providing any information to the Department without previously consulting with an attorney. It might cost you more than just your license.