Posts belonging to Category Life Policies/Viatical Settlements
Posted by Page PerryonSeptember 14, 2011
Affinity investment fraud is a big problem in the United States, according to regulators. Fraudsters take advantage of a presumption in the minds of victims that a person with whom you have something in common is trustworthy. That this is not necessarily so was demonstrated once again when deaf investors lost $3.45 million to “one […]
Categories: Affinity Fraud, Common Securities Broker Abuses, Elder Abuses, Investment Advisers, Life Policies/Viatical Settlements, Ponzi Schemes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonAugust 26, 2011
The association of state securities regulators known as NASAA has released its top 10 investment traps. NASAA finds that scam artists are peddling various get-rich-quick schemes to take advantage of the economic uncertainty. According to NASAA, investments that investors should be particularly wary of include distressed real estate schemes, energy investments, gold and precious metal […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Nontraded REITs, Peer to Peer Loans, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Tenant-in-Common Interests
Posted by Page PerryonMay 20, 2011
Daniel Indiviglio writes that Wall Street is designing a new derivative that would allow purchasers to hedge against longevity risk (or speculate on it) in his article entitled “Death Derivatives: Has Wall Street Finally Gone Too Far?” in the Atlantic.
Categories: Brokerage Firms, Elder Abuses, Insurance Products, Investment Advisers, Life Policies/Viatical Settlements, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonMay 14, 2011
Life Partners Holdings, Inc. and its two top officers have received a Wells notice from the Securities and Exchange Commission informing them that the SEC staff intends to recommend a civil enforcement action against them for allegedly misrepresenting the life expectancies of insureds whose life insurance policies it sold to retail investors, according to a […]
Categories: Brokerage Firms, Insurance Products, Investment Advisers, Life Policies/Viatical Settlements, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonApril 26, 2011
Securities regulators all agree that exploitation of retirees is a significant and growing problem. According to the U.S. Securities and Exchange Commission, 40 million Americans are age 65 or older, and that number will be 89 million in 2050. Seniors make up 15% of the U.S. population but 30% of fraud victims.
Categories: Asset Backed Securities, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Exchange-Traded Funds (ETFs), Investigations, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Tenant-in-Common Interests, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJanuary 31, 2011
The Securities and Exchange Commission recently charged Provident Capital Indemnity Ltd., its president, and its auditor with conducting a massive life settlement fraud, according to Darla Mercado’s InvestmentNews article, “Backer of life settlement insurers hit with fraud charges.” The SEC’s suit also names Provident Capital’s president, Minor Vargas Calvo, and supposed outside auditor, Jorge L. […]
Categories: Bonds, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJanuary 25, 2011
Life Partners Holdings Inc., a Waco, Texas company that has arranged sales of several billion dollars of life-insurance policies to investors, is being dissected by the Securities and Exchange Commission, according to Mark Maremont and Leslie Scism in their Wall Street Journal article, “SEC Probes Company Over Life-Span Data.” The SEC is examining how the […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Investigations, Investment Advisers, Life Policies/Viatical Settlements, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonJanuary 20, 2011
Leslie Scism’s Wall Street Journal article, “Insurers Sued Over Death Bets,” describes how life insurance policies sold to investors, who expect to receive a big payment when the insured dies, have led to lawsuits by insurance companies and investors against each other, as well as by relatives of some of the deceased elderly, alleging that […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Insurance Products, Investigations, Investment Advisers, Life Policies/Viatical Settlements, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools