The SEC is looking into Valic's sales and disclosure practices for retirement plan clients at schools and universities, the Wall Street Journal said on Tuesday.
The SEC is looking into Valic's sales and disclosure practices and whether retirement plan clients at schools and universities are being properly informed about compensation and product costs. Valic is a unit of AIG that specializes in retirement plans,
Two former Valic employees told the Wall Street Journal that Valic employees earn higher commission for high-cost products, like annuities, than low-cost products, like mutual funds.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC Fix for Conflicts of Interest at Credit-Ratings Firms Has FailedAfter the financial crisis, Washington focused on the credit-ratings firms and the conflict of interest that made them “essential cogs in the wheel of financial destruction,” according to the federal government’s report on the crisis.
Leer más »
Nordstrom family won't raise its stake in department store chain, shares fallNordstrom shares dipped on Monday after the department store chain said in a filing with the Securities and Exchange Commission that the Nordstrom family won't increase its stake in the company.
Leer más »
Shares of Shopify drop on surprise loss, but Cramer says you'll regret sellingShares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings.
Leer más »
Wall Street dips at open after mixed earnings reportsWall Street opened slightly lower on Tuesday as investors assessed a mixed batch...
Leer más »
AT&T's stock surges after profit beat, capital allocation plans offset revenue missShares of AT&T Inc. surged 1.9% in premarket trading Monday, after the media and communications giant beat third-quarter profit expectations and provided...
Leer más »
BP earnings: Q3 net profit comes in at $2.3 billion, vs. $2 billion expectedEnergy giant BP reported stronger-than-anticipated third-quarter net profits on Tuesday, amid challenging market conditions.
Leer más »