Additional Governmental Oversight Recommended for Life Settlement Industry

August 10, 2010
Two new publications—one a staff report by the Securities and Exchange Commission and the other a survey by the Government Accountability Office—suggest that additional governmental oversight may be on the way for life settlements, an asset class that some believe is poised for significant growth. Despite a perceived increase in interest and activity surrounding the life settlement space, the reports serve as a reminder that the short-term forecast for the life settlement market remains unclear. This update provides a brief overview of the latest regulatory developments.