Apollo to Guggenheim Said to Face NY Insurer-Deal Review

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Guggenheim Partners LLC and Apollo Global Management LLC are among firms subpoenaed by New York’s financial watchdog in a probe of risk tied to investment-company ownership of insurers, said a person familiar with the inquiry.

Goldman Sachs Group Inc. and Harbinger Group Inc. were also sent subpoenas by the New York Department of Financial Services, according to the person, who declined to be identified because the information is private. The subpoenas were sent in the last few days, the person said.