Monday, July 23, 2007

UPDATE 2-Hartford settles market timing case for $115 mln

(Reuters) - The case dates back to the mid-1990s, when the insurer paid
hundreds of millions of dollars in hidden or "contingent"
commissions to brokers who steered business to Hartford.




The Connecticut insurer also allowed certain people to make
rapid trades in and out of mutual funds, harming others,
according to Connecticut Attorney General Richard Blumenthal,
who announced the settlement.


Read more at Reuters.com Bonds News

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