Genworth Subpoenaed In Bid-Rigging Probe
Both the U.S. Securities and Exchange Commission and the U.S. Department of Justice have issued subpoenas to one of the financial services company’s business units, the company said in a recent 10k filing.
The agencies are investigating allegations of bid-rigging related to guaranteed investment contracts (GICs) sold to municipalities.
“The company said it would cooperate fully with the investigation, and explained that it has not issued, and does not...
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