NASD FINES METLIFE UNITS $5M: The National Association of Securities Dealers imposed a $5 million fine against three MetLife Inc. units - MetLife Securities Inc. of New York, New England Securities Inc. of Boston, and Walnut Street Securities Inc. of St. Louis.In response to an inquiry that it sent in September 2003 centering on the late trading of mutual funds, the NASD said that the MetLife trio provided inaccurate and misleading responses. The MetLife firms neither admitted nor denied the charges, but consented to the entry of the NASD's findings.

PENSION PLAN CHANGES MAY SPUR OUTSOURCING: Changes in pension plan rules may spark a number of benefit plan executives to mull outsourcing, according to a survey conducted by SEI Institutional Group, a provider of outsourced asset management.

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