News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

SEC fines first insurance companies over US market timing

The Securities and Exchange Commission, the US regulator, has widen its investigation into market timing to insurance companies bringing its first enforcement case against two firms.

The regulator said subsidiaries of the insurance firm Conseco and a unit of Inviva had agreed to pay $20m (€16.2m) to settle allegations they misled variable annuity investors about market timing in the funds.

WSJ Logo