Federal prosecutors probe Mark Walter's dealings, collect executive statements

Guggenheim: Guggenheim Partners LLC is the investment firm run by Mark Walter, encompassing asset management and related operations such as Guggenheim Investments and Guggenheim Private Investments. The news reports that authorities are probing dealings at the firm alongside Walter's insurance companies, with senior executives providing information to prosecutors. The scrutiny includes accounting practices and transactions between the firm and affiliated businesses. Mark Walter: Mark Walter is a billionaire businessman who leads TWG Global and controls Guggenheim Partners, an investment firm, along with insurance companies including Delaware Life Insurance Co. and Clear Spring Life and Annuity Co. In the current news, federal prosecutors are collecting statements from his senior executives as part of a probe into dealings at those insurance companies and Guggenheim. Recent reporting shows the inquiries also involve how insurers loaned money to other parts of his business empire. Regulatory Actions: The SEC has sought interviews with current and former Guggenheim staff focused on employees who managed portfolios for insurance companies. Investigation Scope: Federal prosecutors in Manhattan and the SEC are examining potential issues in how Walter-controlled insurers loaned money to other parts of his empire and related accounting practices. Executive Involvement: Senior executives including the head of Walter's insurance arm and Guggenheim's president have provided statements to authorities over the past year, and neither is considered a target of the probe.