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Securities Fraud Blog

Greco & Greco, P.C.

W. Scott Greco

Fight Investment Fraud

Greco & Greco's lawyers represent investors to recover losses caused by securities fraud, churning, lack of suitability, negligence, sales of unregistered securities, unauthorized trading, and other misconduct by stock brokers, investment advisors, financial planners and their firms.

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Viaticals

Life Settlements

The NASD has issued an Investor Alert regarding the purchase of life settlements, also known as senior settlements.  Unlike viaticals, life settlements generally involve the sale of life insurance policies on policyholder individuals who are not terminally ill. 
NASD Investor Alert
The National Association of Insurance Commissioners has also issued a statement regarding the risks involved in purchases of such settlements by individuals:  it is not a liquid investment, there is no guaranteed rate of return, and you could be responsible for paying the premiums on the policy if the insured?s policy if they do not die within a certain time.
NAIC Statement to Consumers

Posted by W. Scott Greco on 07/20/07.
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