SEC Probes AIG Unit on Retirement Products for Teachers

A cheerful mature female librarian stands in her library and smiles for the camera. She holds a stack of books as she laughs.

The Securities and Exchange Commission is investigating sales and disclosure practices at Valic, a unit of giant insurer American International Group Inc., including the company’s dealings with retirement-plan participants at school districts and universities, according to people briefed on the matter. The inquiry centers on whether incentives in Valic’s compensation structure rewarded representatives for selling… Continue reading SEC Probes AIG Unit on Retirement Products for Teachers