New York state regulator investigating pension transfer deals -sources
By Suzanne Barlyn May 23 (Reuters) - 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 insurers who are not licensed in New York to take on the pension transfers, the people familiar with the matter said. The New York State Department of Financial ...
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