I did not read the Pre-Need Code, until after I had put funds into a Pre-Need Pension Plan with Legacy Consolidated Plans Inc.

We were never given an SEC approved brochure, nor shown details of the Trustee Bank and the name of the Trustee appointed.

51% of the Pension Plan Contract Value, was supposed to get paid into the Trust Fund, according to the Pre-Need Code.

The Trust Fund has strict Investment Rules, that are supposed to control the % of funds into given investment areas. In a nut-shell, these Pre-Need Trust Fund Investment Rules, meant it would be 'impossible' for 51% of Pension Plan contract Value to grow to 2 x Pension Plan Contract Value (149% increase), in just the 3 Years to Maturity of the Pension Plan we bought into.

I asked a Regional Vice President of LCPI, how this was achievable? The reply that I received was "Don't worry about it as you 'Sold' your Pension Plan, to 'Leagacy Card Inc., so it is their problem".

The Senate inquiry into the Pre-Need Industry at the beginning of 2009 however, revealed that not only should LCPI, not have been issued with a 'Permit to Sell' such Pre-Need Pension Plans, but this 'Buy Back' scheme of selling one Pension Plan to Legacy Card Inc. was in breach of the Securities Act as they never applied for and obtained an SEC Secondary Licence.

Since it appears we are wasting time and money trying to put Celso G. de los Angeles Jr et Al behind bars for Syndicated Estafa, I am thinking and wondering if we can't sue the SEC for failing to do their Supervision and Control of Legacy Consolidated Plans Inc.?

The SEC website had an Anti-Scam Check List Flow Chart. I followed that for LCPI and they seemed to check out, and this included being listed as current authorized Company by the SEC to offer Pre-Need Pension Plans. Must admit their name was missing from January 2008 list, but was back a few months later.

Had LCPI's name stayed OFF that list, I would certainly not have put more funds into LCPI Pension Plans, and would not have lost so much money, when checks started bouncing come October 2008.