ING to cough up $5.2 million in Labor Department settlement

The Labor Department has ordered ING Life Insurance and Annuity Co. to pay $5.2 million to 1,400 retirement plan clients for failure to disclose the company's practice of holding onto any investment gains that resulted from transactions that weren't processed in a timely manner.



http://www.investmentnews.com/article/20130204/FREE/130209978