Back to Fund List         

Company Name:
Aetna

Problem Type:
Financial Institution
12b-1: NA%
OER: NA%


Date/Problem:
Publicity Source:
Status-Ongoing Resolution:
Fund Police Opinion:

10/20/2004
Elliot Spitzer has requested information from Aetna to obtain documents that describe possible improper payments made to brokers for life insurance sales.
Wall Street Journal
Shares of Aetna have tumbled in value since news of the investigation. Other insurance companies who are being investigated are seeing their shares' values drop as well.
While FP is not sure of the depth of involvement, we are sure that insurance companies in general have flawed customer ethics procedures.

6/17/2004
Elliot Spitzer is investigating the hidden compensation deals between the firms and brokers who sell the insurance.
Financial Planning Magazine
Uncertain at this time
Go Spitzer! Fund Police believes the layers of fat and hidden arrangements are probably the worst with insurance products, such as annuities.





Contact Us www.wadesworlds.com Disclosure Links News WADEFINANCIALGROUP.COM