New York AG Andrew Cuomo's office has subpoenaed Prudential (PRU) and MetLife (MET) as part of a...

|By:, SA News Editor

New York AG Andrew Cuomo's office has subpoenaed Prudential (PRU) and MetLife (MET) as part of a "major fraud" investigation into how life insurers may have misled military families into placing benefits in insurer-controlled, low-yield, potentially risky accounts which "reaped millions in secret profits for the insurers."