Thursday, May 06, 2010

 

Texas regulators close life-settlement company

State regulators on Wednesday shut down Retirement Value, a New Braunfels life-settlement company accused of engaging in fraud in the resale of life insurance policies.

The Texas State Securities Board's enforcement division obtained a court order freezing Retirement Value's bank accounts and appointing a receiver to oversee the company...

Chron: Texas regulators close life-settlement company

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