ADVISORY/California Department of Corporations Enforcement Chief to Discuss Fraud Schemes Involving ''Death Benefits'' at NAIC/NASAA Training Seminar.

News Editors/Business Editors/Assignment Desks

ADVISORY...for Thursday (May 6)

NEW ORLEANS--(BUSINESS WIRE)--May 5, 2004

The head of the Enforcement and Legal Services legal services n. the work performed by a lawyer for a client. division from the California Department of Corporations will discuss recent securities fraud schemes and enforcement tactics tomorrow at the joint training seminar for the National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is an Internal Revenue Code Section 501(c)(3) non-profit organization which seeks to organize the regulatory and supervisory efforts of the various state insurance commissioners from around the United States. (NAIC NAIC

See National Association of Investors Corporation (NAIC). ) and the North American Securities Administrators Association The North American Securities Administrators Association (NASAA), founded in Kansas in 1919, is the oldest international investor protection organization. NASAA was created to protect consumers who purchase securities or investment advice, and their jurisdiction extends to a (NASAA NASAA

See North American Securities Administrators Association (NASAA). ). Specifically, the Department will focus on viatical vi·at·i·cal
adj.
1. or vi·at·ic Of or relating to traveling, a road, or a way.

2. Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage or "Death Benefit" fraud cases, which recently have been on the rise in California and nationwide.



   WHO:      Jo Dunlap
             Deputy Commissioner, Enforcement and Legal Services
             California Department of Corporations

   WHAT:     Discusses "death benefit" and other securities fraud
             schemes at the NAIC/NASAA joint training seminar

   WHERE:    Wyndham Canal Place
             Foyer Room
             100 Rue Iberville
             New Orleans, Louisiana

   WHEN:     Thursday, May 6, 2004 1:30 p.m.

The Department of Corporations is California's Investment and Financing Authority. The Department is responsible for the regulation, enforcement and licensing of securities, franchises, off-exchange commodities, investment and financial services, independent escrows, consumer and commercial finance lending and residential mortgage lending. For further information or to obtain a complaint form, see the Department's Web site at www.corp.ca.gov or call 1-866-ASK-CORP (1-866-275-2677).

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Publication:	Business Wire
Date:	May 5, 2004
Words:	200
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