Regulation

SEC v. Life Partners- Win Some – Lose Some – But Not Win Some

Topics: Regulation, SEC

On January 16th, 2014, Linas Sudzius (WRNewswire #14.01.16) wrote that “Life Partners Holdings, Inc. (“LPHI”) is a viatical settlement company which the SEC alleged had misrepresented the value of its life settlement portfolio to LPHI shareholders. In a pre-trial decision, the court had ruled that life settlements are securities.”