MetLife (MET) Publishes Statement on House Passage of Financial CHOICE Act

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N.J. regulator takes broad look at Prudential in expanded role

June 6, 2017 9:15 AM EDT

By Suzanne Barlyn

(Reuters) - New Jersey's insurance regulator is conducting a comprehensive exam of Prudential Financial Inc (NYSE: PRU) as part of a recently expanded supervisory role, a company executive said on Tuesday.

State examiners are now conducting the exam, which pertains to New Jersey becoming Prudential's "group supervisor" under a 2014 law, Vice Chairman Mark Grier said during a presentation. The role confers broad authority, and allows the state to review all of Prudential's operations, including those that do not pertain to... More