Regulators at the U.S. Securities and Exchange Commission have directed The Hartford Financial Services Group Inc., to provide additional details on $2.1 billion of securities that have traded at less than half of what the company says they're worth for more than a year, Bloomberg reports.
In a letter to the company dated April 13 and disclosed on Monday, the SEC notes that the unrealized loss on these investments, held by Hartford's life insurance subsidiary, totaled $1.5 billion as of Dec. 31.
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