Thursday, September 24, 2009

 

SEC To Srcutinise Life Insurance Securities

Wall Street banks are facing criticism for packaging mortgages into securities and selling them to pension funds and money market funds

Securities and Exchange Commission (SEC), the American stock exchange regulator, is seriously scrutinising the sale of bonds based on life insurance policies to come to a conclusion whether the procedure is fair to policyholders as well as investors – reported Bloomberg...

IBR: SEC To Srcutinise Life Insurance Securities

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