New York State Regulator Investigating Pension Transfer Deals, Subpoenaed Four Insurance Brokers

Official looking court document for a subpoena on a desktop

New York state’s financial regulator has subpoenaed four insurance brokers as part of a broad investigation into an industry in which life insurers take over corporate pension plans from companies that want to offload them, according to two people familiar with the matter. At issue is whether brokers, who help put such deals together, solicited… Continue reading New York State Regulator Investigating Pension Transfer Deals, Subpoenaed Four Insurance Brokers