Morning Take-Out
In recent years, the private equity industry has escaped much of the regulatory scrutiny that has been directed toward hedge funds and Wall Street banks. But that appears to be changing.The Securities and Exchange Commission has begun a broad examination of the private equity industry, seeking information about the business practices of some of the country’s most powerful financial firms.
The S.E.C.’s enforcement unit sent a letter late last year to several private equity funds as part of what it called an “informal inquiry” into the industry, according to two people with direct knowledge of the matter who requested anonymity because they were not authorized to discuss it publicly. It is not clear which firms received the letter.
While the S.E.C. emphasized that the request should not be construed as an indication that it suspected any wrongdoing, its goal in gathering information was to investigate possible violations of securities laws, these people said.
Auto Insurance Quotes Prudential - News
Prudential Insurance Co. of America agreed to pay $17 million as part of a multi-state settlement over death benefits when an insured person dies and no claim is filed. The settlement was announced Thursday by Florida insurance regulators and the
REUTERS Prudential Said to Hire Merrill for Bid for ING Unit | Prudential Financial has hired Bank of America Merrill Lynch to advise it on a possible bid for the Asian insurance operations of ING, the Dutch financial services company, a South Korean
First, I'll focus on the insurance companies. We are continuing to manage these companies to capital levels, consistent with what we believe are AA standards. Prudential Insurance began last year with an RBC ratio of 533%. During the year, Prudential
US Epperson Underwriting Company, a commercial property and casualty insurance management company, has signed on for a full service retirement solution. Prudential Retirement will record keep the Boca Raton, Fla. headquartered company's defined
Emily Brown, 15, of Elkview and Katherine Deem, 13, of Leon today were named West Virginia's top two youth volunteers for 2012 by The Prudential Spirit of Community Awards, a nationwide program honoring young people for outstanding acts of volunteerism
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