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Ramsey began endorsing Timeshare Exit Team about four years ago.

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Ramsey is beloved by financial advisers who do business with his organization by paying for potential client le. A widely popular radio host who preaches the gospel of debt-free living, Ramsey on his website promotes a variety of financial services products, companies and professionals, including financial advisers. Advisers pay the advertising fee and are part of a website directory, called SmartVestor Pros.

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Ramsey and his attorneys in August argued that his deposition was not germane to the ongoing matter, according to court documents. Washington, in turn, argued that Ramsey had spoken to the founder of Reed Hein on multiple occasions regarding its services and what was presented in those meetings was important to its lawsuit, according to the order.

A Tennessee circuit court judge, Michael W. Binkley, ruled on Sept.

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In May, Ramsey blamed the high cost of various lawsuits from Washington and the timeshare industry as the reason why Timeshare Exit Teamalso known as Reed Hein, is no longer an advertiser with his show. Indeed, the company has gotten more than 20, consumers out of unwanted timeshare contracts and, while hugely successful, is facing millions of dollars of legal fees and may be running out of cash, according to Ramsey.

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A timeshare is shared ownership of vacation real estate and typically sold by the week. For reprint and licensing requests for this article.

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Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. The process of switching investment s from one firm to the another is one of the most anxiety producing events in the work life of a financial adviser.

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Unpaid arbitration awards have been a consistent stain on the retail securities industry. Brokers have been walking away from paying investors for years. Firm leaders and executives should aim to broaden their potential talent pool and professional networks, says Schwab's Leslie Tabor.

The former broker, Dalas Gundersen, sued Edward Jones inseeking damages, after three fake gay-sex were posted on Craigslist earlier that year listing his business phone. News Client Prospecting Dave Ramsey loses deposition fight in timeshare case. Newsletters Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team.

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Recent Articles by Author. Schwab on track to begin TD transitions The process of switching investment s from one firm to the another is one of the most anxiety producing events in the work life of a financial adviser.

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The demise of Worden Capital als danger for investors and harm to the industry Unpaid arbitration awards have been a consistent stain on the retail securities industry. Steps to hire diverse talent Firm leaders and executives should aim to broaden their potential talent pool and professional networks, says Schwab's Leslie Tabor.

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