Tuesday, July 24, 2007
The Hartford Financial Services Group announced that it had settled charges involving market-timing and other improper practices with state regulators. It will pay $115 million, including $84 million to investors harmed by the practices. It also said the SEC had closed its market-timing investigation without bringing charges. NYTimes, Hartford Group Pays $115 Million to Settle a Claim of Illegal Trading; WSJ, Hartford Settles 'Market-Timing' Cases.