Hawaii Eyes Alleged Viatical Investment Sales

September 03, 2008 at 11:50 AM
Share & Print

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.

Related Stories

Resource Center