HARTFORD INSURANCE GROUP INC
HIG
Financials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Hartford Financial Services Group has a documented pattern of financial misconduct across its investment and insurance operations. In 2006, Hartford paid $55 million to settle SEC charges for directed brokerage abuses: from 2000 to 2003, Hartford Investment and HL Advisors misused $51 million of fund assets as directed brokerage commissions to satisfy financial obligations to broker-dealers, while misrepresenting these arrangements to fund shareholders and boards of directors. Separately, Hartford settled with the New York Attorney General over market timing abuses in variable annuity products (1998-2003), paying $84 million in restitution. ViolationTracker records $247.6 million in total penalties across 173 enforcement records. While the most material actions are historical, the breadth and pattern of violations across multiple business lines — fund management, insurance, and distribution — reflects systemic compliance failures rather than an isolated incident.
Research Sources
2 organizations
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.