Zurich in settlement with SEC
(BestWire) - The U.S. Securities and Exchange Commission filed a lawsuit against and simultaneously entered a $25m settlement with Zurich Financial Services. The lawsuit alleged civil securities fraud related to finite reinsurance transactions.
"Only the court can approve the settlement," said Gerald Gross, assistant regional director of the SEC's New York office. "We anticipate that will happen."The SEC said Zurich Financial's former
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