SEC reportedly investigating MassMutual’s accounting amid ongoing government shutdown

SEC

Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices. 

Massachusetts Mutual Life Insurance received subpoenas from the SEC related to the company’s general investment account, according to an Oct. 8 report in The Wall Street Journal. The agency is gathering info on whether the company properly accrued interest on payments made on loans ranging in the billions of dollars. According ot the report, it’s unclear if the info gathered from the subpoenas will lead to any allegations of wrongdoing by MassMutual. 

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