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Iowa Insurer Hears From Spitzer

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NU Online News Service, March 4, 2005, 9:40 a.m. EST

New York Attorney General Eliot Spitzer has asked Principal Financial Group Inc. about compensation arrangements for sellers of retirement products.[@@]

The Des Moines, Iowa, insurer is one of many insurers that have received subpoenas for information about compensation arrangements in recent months.

“The Principal will cooperate fully with the inquiry,” the company says in a statement about the subpoena.