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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 30, 2004 at 08:00 PM
NU Online News Service, Sept. 30, 2004, 4:22 p.m. EDT
American International Group Inc., New York, says the U.S. Justice Department is investigating one of its financial risk management units.[@@]
The department has sent a notice to AIG reporting that the AIG Financial Products Corp. is the target of an investigation involving questions about compliance with federal securities laws, AIG says.
“AIG believes that this notification relates to substantially the same matter described in its announcement last week that the Securities and Exchange Commission staff is considering recommending that the commission bring a civil action alleging violations of the federal securities laws,” AIG says in a statement. “AIG believes that any action by either the SEC or Justice Department would be unwarranted.”
Although AIG believes an investigation would be unwarranted, “AIG intends to cooperate with this investigation,” the company says.
Securities regulators have accused AIG Financial Products of selling arrangements that helped PNC Financial Corp., Pittsburgh, get volatile and underperforming investments off its financial statements.
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