Law360, New York (November 03, 2009) -- Dutch financial giant ING Group NV announced Tuesday it will sell three of its U.S. independent retail broker-dealer units to private equity firm Lightyear Capital LLC, just a week after revealing plans to split its banking and insurance divisions and divest all its insurance operations by 2013.
Terms of the sale of the units — which constitute three-quarters of ING Advisors Network — were not disclosed, and ING said the transaction won't have a material impact on...
