TITLE

SEC, N.Y. Attorney General Subpoena MBIA Over Non-Traditional Products

AUTHOR(S)
Walker, Susanne
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/22/2004, Vol. 350 Issue 32015, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that MBIA Inc. has received subpoenas from the United States Securities and Exchange Commission and New York Attorney General Eliot Spitzer's office requesting information on nontraditional or loss-mitigation insurance products sold by MBIA to third parties. Industry-wide investigation into different companies that used or sold the products; Impact of the move on municipal bonds wrapped with MBIA insurance; Rank of MBIA as an insurer of municipal bonds.
ACCESSION #
15139219

 

Related Articles

  • AXA RE Receives Subpoenas in Ongoing SEC Investigation of MBIA. Fine, Jacob // Bond Buyer;4/14/2005, Vol. 352 Issue 32111, p6 

    Reports that AXA Re Finance SA had received subpoenas from the U.S. Securities and Exchange Commission and the New York attorney general's office seeking information regarding reinsurance transactions with MBIA Inc. Inquiry revolving around transactions involving the 1998 bankruptcy of the...

  • Document: Everspan Launch Nearing. HERMAN, JACK // Bond Buyer;2/23/2009, Vol. 367 Issue 33067, p1 

    The article reports that Ambac Financial Group Inc. is getting closer to its launch of municipal-only bond insurer Everspan Financial Guaranty Corp., as evident from a U.S. Securities and Exchange Commission's document. Ambac has given its presentations to the rating agencies for the final...

  • MBIA Says N.Y. Attorney General, SEC Are Seeking More Documents in Probe. Helen Chang // Bond Buyer;4/1/2005, Vol. 352 Issue 32102, p48 

    The article presents information related to MBIA Inc. The company has said that the New York attorney general's office and the U.S. Securities and Exchange Commission are seeking documents on its accounting of advisory fees, method for determining loss reserves and case reserves, purchase of...

  • MBIA Closes $350 Million Note Sale As Reinsurance Deal Probe Continues. Chang, Helen // Bond Buyer;11/29/2004, Vol. 350 Issue 32018, p6 

    Reports on the closure of the sale of MBIA Inc.'s senior notes in the U.S. Receipt of subpoenas by MBIA from the Securities and Exchange Commission and New York Attorney General Eliot Spitzer's office; Inclusion of the subpoenas in the industry wide investigation of non-traditional reinsurance...

  • Two More Firms Subpoenaed Over Channel Re in MBIA-Related Probe. Fine, Jacob // Bond Buyer;4/12/2005, Vol. 352 Issue 32109, p36 

    Reports that RenaissanceRe Holdings Ltd. and PartnerRe Ltd. received subpoenas in relation to the government investigation of Channel Reinsurance Ltd in 2004 in New York. Expansion on the investigation of the New York Attorney General's office and the U.S. Securities and Exchange Commission;...

  • Financial Products Probe Expanding. Hays, Daniel // National Underwriter / P&C;11/22/2004, Vol. 108 Issue 44, p10 

    Reports that the United States Securities and Exchange Commission and the office of New York Attorney General Eliot Spitzer issued subpoenas in connection with company purchases of insurance products to improve financial statements. Companies involved, including St. Paul Travelers, Ace Ltd.,...

  • Insurers Under Scrutiny. Hanson, Matthew // Bond Buyer;11/28/2006, Vol. 358 Issue 32516, p1 

    The article provides information on the scrutiny that bond insurance companies have lately come under. Civil and criminal investigations by the U.S. Justice Department and the U.S. Securities and Exchange Commission were in full swing in early November 2006 in the municipal bond market. Three...

  • MBIA receives 'Wells' notice. Veysey, Sarah // Business Insurance;8/29/2005, Vol. 39 Issue 35, p4 

    Reports on a notice received by Bond insurer MBIA Inc. from the U.S. Securities and Exchange Commission (SEC) about retroactive reinsurance purchased by the company to cover losses it incurred by guaranteeing bonds issued by Allegheny Health, Education and Research Foundation. Overview of the...

  • Subpoenas Target MBIA Mitigation Policies.  // American Banker;11/22/2004, Vol. 169 Issue 224, p9 

    States the U.S. Securities and Exchange Commission and the New York Attorney General's office gave subpoenas to MBIA Inc. requesting information about MBIA mitigation insurance products. The reason why MBIA thinks the subpoenas were issued; Services provided by MBIA through its subsidiaries.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics