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 http://www.sec.gov/Archives/edgar/data/874766/000095012305000732/y05137e8vk.txt
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