MBIA Subpoenaed In Financial Products Probe
NU Online News Service, Nov. 19, 2:40 p.m. EST?MBIA Inc. said it has received subpoenas from both the Securities and Exchange Commission and New York Attorney General Eliot Spitzer's office in an investigation into sales of products that companies have used to skew their financial statements.[@@]
The Armonk, N.Y.-based financial services company said the information requested relates to "non-traditional or loss mitigation insurance products developed, offered or sold by MBIA to third parties from Jan. 1, 1998 to the present."
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