Life Partners warns it could face SEC civil action

Life Partners said in a filing with the Securities and Exchange Commission that it received a so-called “Wells Notice” from the SEC on Monday. The notice said that SEC staff will recommend that regulators bring civil action against the company and two of its executive officers and directors, Brian D. Pardo and R. Scott Peden, alleging securities law violations.

Read more: Life Partners warns it could face SEC civil action — AP