Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities

Financing entity hit with cease-and-desist

X
Your article was successfully shared with the contacts you provided.

The state of Florida in July ordered Great West Growth LLC to cease and desist its life settlement operations in the state, claiming the company was not licensed to operate in Florida. Kevin McCarty, the Florida insurance commissioner, said at the time that GWG’s lack of a license meant its customers were not protected by provisions of state law guaranteeing the financial solvency of entities doing business. GWG is cooperating with the order.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.