9th Circ. Affirms SEC Win In Life Insurance Investment Row

By Rae Ann Varona ( August 11, 2025, 11:47 PM EDT) -- The Ninth Circuit ruled in a published opinion Monday that fractional interests in life settlements are investment contracts and thus securities, backing the U.S. Securities and Exchange Commission's win against Pacific West Capital Group agents, who the SEC alleged sold unregistered securities and didn't properly register as broker-dealers....

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