November 17, 2004
SEC to investigate Hartford Life
Hartford Life has revealed that the Securities and Exchange Commission (SEC) will look into the firm's possible involvement with 'directed brokerage' although at this stage no court action has been issued against the company.
The move has been prompted by the lawsuit issued against Marsh & McLennan by Spitzer for allegedly engaging in directed brokerage in which Hartford was mentioned as a contributing party.
Posted by Tom Troceen