Principal Financial Gets Subpoena

BMO Nesbitt Burns, 17 May 2006Last night, Principal Financial Group announced that it had received a subpoena from the Attorney General of New York regarding the sale of retirement products and services. While we have no more details on the nature of the subpoenas, we assume that this applies to the sale of corporate and individual retirement plans (401(k)s, IRAs, and 403(b)s) and perhaps