Hartford Financial Services Group Inc.

Washington, DC: The US Securities and Exchange Commission filed charges against the insurer regarding directed brokerage charges. The case claimed Hartford Investment Financial Services LLC, HL Investment Advisors LLC, and Hartford Securities Distribution Company Inc. misrepresented and failed to disclose their use of fund assets to pay for the marketing and distribution of Hartford mutual funds and annuities. Hartford has agreed to disgorge $40 million in ill-gotten gains and will pay a $15 million penalty. (Nov-08-06) [REUTERS: HARTFORD FINANCIAL]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.