SEC Probes MassMutual for Accounting Practices, WSJ Reports

The Securities and Exchange Commission is probing Massachusetts Mutual Life Insurance Co. over accounting practices for its investments, according to the Wall Street Journal.
The agency is investigating whether the insurer has properly reconciled accrued interest from loans as it received the payments and is seeking more information on the matter, including through subpoenas, according to the Wall Street Journal, which cited people familiar with the matter. The SEC is seeking to determine whether the accruals, which the firm can report as assets before receiving the underlying payments, have been overstated.