Life Partner Holdings subject of SEC complaint
Texas-based Life Partner Holdings Inc., one of the industry leaders in the secondary life insurance market, along with several of its senior executives, is facing charges of improper accounting, disclosure violations, and insider trading in a complaint recently filed by the Securities and Exchange Commission in federal court in Waco, Texas. The SEC alleges that [...]
New SEC settlement policy in place
On Friday, January 6, 2012, the Securities and Exchange Commission announced a limited change to its policy of settling cases without requiring an admission of wrongdoing from the settling party. Under the new policy, in cases where criminal guilt has already been established, the settling defendant will no longer be able to “neither admit nor [...]