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Spitzer Asks Hartford About VA Trades

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New York Attorney General Eliot Spitzer’s office is asking for information about variable annuity transactions at Hartford Financial Services Group Inc.[@@]

Spitzer’s office has sent the Hartford company a subpoena “requesting information relating to purchases of or exchanges into the company’s variable annuity products by New York residents during the past 5 years where the purchase or exchange was funded using funds from a tax-qualified plan,” Hartford says in a notice filed with the U.S. Securities and Exchange Commission.

Spitzer’s office also wants to know about New York residents who put variable annuities in a sub-account of a tax-qualified plan or put a variable annuity in a tax-qualified plan after buying the annuity, Hartford says.

Spitzer’s office also is asking Hartford about reporting of workers’ compensation premium.

“The company is cooperating fully with the New York attorney general’s office in connection with these matters,” Hartford says.


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