Met Life Inc. and Ameriprise Financial Inc. are asking federal regulators for routine exemptions from restrictions on mutual fund and separate account investments.[@@]
- MetLife Investors USA Insurance Company and other units of MetLife, New York, have asked the SEC to exempt it from rules that limit investment funds’ ability to invest in other affiliated and outside investment funds.
The MetLife units want the exemption so that MetLife can set up comprehensive asset-allocation programs, the company says.
MetLife will use a variety of strategies to guard against conflicts of interest and protect customers against excessive fees, the company says.