Friday, June 09, 2006

 

U.S. State Accuses ING Units Of Fraud

New Hampshire regulators accused two units of Dutch insurer ING Group of committing fraud and allowing improper trading in a state retirement plan the companies are involved in.

Authorities on Thursday gave ING Life Insurance and Annuity Co. and ING Financial Advisors LLC 30 days to respond to various allegations relating to their involvement in the retirement plan, which has about $180 million in assets.

U.S. State Accuses ING Units Of Fraud
Source: Reuters

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