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The agency is investigating whether the insurer has properly reconciled accrued interest from loans as it received the payments and is seeking more information on the matter, including through subpoenas, according to the Wall Street Journal, which cited people familiar with the matter. The SEC is seeking to determine whether the accruals, which the firm can report as assets before receiving the underlying payments, have been overstated.
The investigation, which isn’t complete, may not result in ...
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