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The Securities Law Firm of Tramont Guerra Nunez, PA Comments on Recent Life Partners Holdings, Inc. SEC Filings Concerning Compliance With NASDAQ Listing Rules

Coral Gables, Florida (PRWEB) August 31, 2011 – The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) comments on the recent SEC Filings issued by Life Partners Holdings, Inc concerning compliance with NASDAQ listing requirements. On July 25, 2011, Life Partners Holdings reported in a SEC Form 8-K filing that it had received a delinquency letter from the NASDAQ regarding its Form 10-K. According to the SEC filing, "NASDAQ Listing Rule 5250 (c)(1) requires the Company to timely file all required periodic reports and other documents with the Securities Exchange Commission. The letter states that the Company has until August 1, 2011, to submit a plan to regain compliance with the Listing Rules." Previously, on June 9, 2011, Life Partners Holdings reported in a SEC Form 8-K filing that it had received a resignation letter from the company's independent auditor, Ernst & Young, LLP. Life Partners Holdings explained in the SEC filing, "Ernst & Young believes that revenue should be recognized no earlier than the final losing of escrowed funds with settlor. Ernst & Young also stated that some portion of our fee revenue should be allocated and deferred based [on] the Company's practice of making premium advances." On August 12, 2011, Life Partners Holdings reported in a plan for compliance with NASDAQ listing rules in a SEC Form 8-K filing that, "Whitley Penn has begun its audit of our consolidated financial statements, and anticipates completion of the audit within a time frame that enables us to file the Form 10-K and the Form 10-Q on or before November 28, 2011. In light of these developments, TGN urges investors who invested in Life Partners Holdings stock and life settlement contracts, recommended by full-service brokerage firms, to consider what recourse is available to recover their investment losses.

According to TGN, many financial advisors recommended investments in Life Partners Holdings stock and life settlements as suitable investments for risk-adverse investors. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry's conduct and safeguard the investing public. According to TGN, full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice for investments made in customer accounts. The failure to supervise brokers and their unsuitable investment advice including fraudulent misrepresentations and omission of material facts are all causes of action that may be available to investors in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

Contact:
David Chacin, Esquire
255 Alhambra Circle, Suite 1150
Coral Gables, Florida 33134
(800) 578-0137

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