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Regulators Say Texas Treats Life Settlements As Securities

By Jess Krochtengel (December 16, 2014, 7:09 PM EST) -- A group of securities regulators from the U.S., Canada and Mexico are urging the Texas Supreme Court to find Life Partners Inc. must face a putative class action for selling unregistered securities, saying in an amicus brief that to find otherwise would leave consumers vulnerable to fraud and abuse....

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