InvestmentNews

By: Darla Mercado

Though Finra and the SEC have spent some time examining the world of life settlements, representatives from these agencies said they still have a ways to go before fully defining the depth of their jurisdiction in that growing industry.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091111/FREE/911119976

Commenary by Michael Abraham:

While considered regulation of the market is to be welcomed it is clear that much of the US regulation, particularly that affected by individual states, is based upon a re-working of other previous agreements and statutes and there has been little or no clear detached and ‘green field’ thinking.  In this writer’s opinion it is this that has led to the high number of interested ‘professionals’ taking substantial amounts of commission from the transactions.  In fact by regulating introducers, agents, brokers and providers they have in fact legitimized these commissions.  They should really take a look at the simple transparent and competitive methodology used in the UK traded policy market.

Published on 11 Nov 2009 at 10:23 pm