Summary
The Hartford Financial Services Group, Inc. (HIG) filed an 8-K report on June 20, 2005, to disclose an update regarding ongoing investigations by the New York and Connecticut Attorneys General. Specifically, the company received an additional subpoena from the New York Attorney General's Office. This new subpoena expands the scope of the investigation to include the company's broker compensation arrangements related to the sale of group annuity products. The company reiterated its commitment to fully cooperating with both the New York and Connecticut authorities throughout this process.
Key Highlights
- 1The Hartford Financial Services Group, Inc. received an additional subpoena from the New York Attorney General's Office.
- 2The new subpoena focuses on broker compensation arrangements in connection with group annuity product sales.
- 3This supplements previous subpoenas from both the New York and Connecticut Attorneys General regarding group annuity products.
- 4The company is cooperating fully with both state investigations.
- 5This filing is made under Regulation FD disclosure, informing investors of material developments.