Wednesday, September 16, 2009
SEC Will Examine Insurer Settlements
The Securities and Exchange Commission has set up an agencywide task force to examine a financial product in which people collect cash for selling their existing life-insurance contracts.
The product, known as a life-insurance settlement, has come under greater scrutiny following the financial crisis. In recent months, Wall Street firms have begun securitizing the products by slicing them up and selling bundled pieces to investors...
WSJ: SEC Will Examine Insurer Settlements (Subscription required)
The product, known as a life-insurance settlement, has come under greater scrutiny following the financial crisis. In recent months, Wall Street firms have begun securitizing the products by slicing them up and selling bundled pieces to investors...
WSJ: SEC Will Examine Insurer Settlements (Subscription required)
Permalink posted by markw @ 4:51 AM 
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