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SEC Examines AIG Unit for Teacher Retirement Products



The Securities and Exchange Commission is investigating the sales and disclosure practices of Valic, a unit of giant insurer American International Group Inc., including the company's transactions with retirement plan participants in school districts and universities, according to people informed on the matter. .

The survey focuses on whether incentives in the Valic compensation structure reward agents for selling higher-value products to retirement plan participants and whether Valic's materials and representatives properly disclose …


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