Hartford Financial Services

Group settles fraud probe for $20m

he Hartford Financial Services Group has agreed to pay $20 million to settle an investigation into claims of fraudulent sales practices in retirement products, the attorneys general of Connecticut and New York said Wednesday.

The Hartford agreed to return $16.1 million in profit from the sales that Connecticut Attorney General Richard Blumenthal and New York Attorney General Eliot Spitzer say were arranged in concealed financial agreements with brokers