NU Online News Service, Jan. 27, 2005, 9:13 a.m. EST

Hartford Financial Services Inc. says it continues to face investigations by the U.S. Securities and Exchange Commission and New York Attorney General Eliot Spitzer.[@@]

Regulators are “likely to take some action” in connection with allegations about the way Hartford administered and sold mutual fund and annuity operations, the company says in a report filed Wednesday with the SEC.

Regulators’ actions “could have a material adverse effect” on Hartford’s earnings, Hartford says.

The report is on the Web at