TY - JOUR T1 - Regulating All Life Settlements as Securities: <em>The New</em> <br/> <em>Age of the Life Settlement Investment Market</em> JF - The Journal of Structured Finance SP - 66 LP - 68 DO - 10.3905/jsf.2011.16.4.066 VL - 16 IS - 4 AU - Brian T Casey AU - Jeffrey D. Lowe Y1 - 2011/01/31 UR - https://pm-research.com/content/16/4/66.abstract N2 - The life settlement investment market (“LSIM”) has been characterized as a “wild west” type investment environment over the course of the last decade. With very little federal oversight, the market flourished during the late ’90s during the viatical settlement era and well into the 2000s in the form of the life settlement market. The financial meltdown that gripped the United States in late 2007 and continues today has garnered a call to action for the federal government to enact legislation to protect investors from abuses apparent in the investment community. It appears now that the legislative call to action may formally make its way into the LSIM. The Life Settlements Task Force (“LSTF”), created by the Securities and Exchange Commission (“SEC”) in August 2009, was established to investigate and examine issues in the LSIM and to advise the SEC whether market practices in and regulatory oversight of the LSIM could be improved. This article outlines the basic findings of the LSTF as well as detailing the potential repercussions of the federal government acting upon those recommendations.TOPICS: Legal and regulatory issues for structured finance, information providers/credit ratings ER -