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 > Running Your Business

Hawaii Eyes Alleged Viatical Investment Sales

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

Securities regulators in Hawaii are accusing a state resident of selling more than $1 million in viatical settlement contracts to investors without registering the contracts as securities.

Hawaii Securities Commissioner Tung Chan has filed a preliminary order to cease and desist and notice of right to hearing in connection with viatical investment sales allegations against Sheila Turner, who also is known as Sheila Turner Souza.

Turner could not immediately be reached to comment on the allegations.

Hawaii requires companies and individuals to register viatical settlement contracts before selling the contracts to investors.


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.