Friday, November 11, 2005
MetLife Receives Subpoena Over Dealings with Benefits Broker
MetLife Inc. disclosed that it received a subpoena from California federal prosecutors that seeks information about employee benefits broker Universal Life Resources, while separately disclosing that regulators may file charges regarding the sale of Section 529 college savings plans.
In a form 10-Q filed Nov. 9 with the U.S. Securities & Exchange Commission, MetLife (NYSE:MET) said it received a subpoena from the U.S. Attorney's Office for the Southern District of California asking for documents regarding Universal Life Resources, an employee-benefits broker.
MetLife Receives Subpoena Over Dealings with Benefits Broker
Source: A.M. Best (subscription required)
In a form 10-Q filed Nov. 9 with the U.S. Securities & Exchange Commission, MetLife (NYSE:MET) said it received a subpoena from the U.S. Attorney's Office for the Southern District of California asking for documents regarding Universal Life Resources, an employee-benefits broker.
MetLife Receives Subpoena Over Dealings with Benefits Broker
Source: A.M. Best (subscription required)
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