December 18, 2019 / 9:27 PM / a month ago

MetLife Inc to pay $10 mln to settle securities violations -SEC

WASHINGTON, Dec 18 (Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.

The agency found that MetLife had violated the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses, the SEC said in a statement.

Reporting by Chris Prentice Editing by Chris Reese

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