Swiss Re Hit With SEC, N.Y. AG Subpoenas
NU Online News Service, Nov. 22, 1:58 p.m. EST?Swiss Re said it is the latest company to be hit with subpoenas in an expanding probe by federal and New York agencies into non-traditional insurance products used by some companies to distort financial statements.[@@]
The Zurich-based company said it received requests from both the U.S. Securities and Exchange Commission and New York Attorney General Eliot Spitzer to provide documentation relating to non-traditional insurance products.
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