NU Online News Service, Dec. 17, 2004, 5:50 p.m. EST
A unit of MetLife Inc., New York, could face legal action by federal regulators.[@@]
The U.S. Securities and Exchange Commission has sent the unit, New England Life Insurance Company, Boston, a “Wells notice.”
The notice says the SEC staff is considering recommending a civil action against New England Life, according to MetLife.