Sun Life Financial’s Massachusetts Financial Services subsidiary could strike a deal with New York Attorney General Eliot Spitzer and the U.S. Securities and Exchange Commission as early as this week, the Toronto Globe and Mail reports.

While Spitzer’s office is concentrating on improper trades at MFS and the SEC is focusing on breaches of fiduciary duty – the regulators’ different areas of focus is what is holding up a settlement, according to the Globe and Mail, quoting people briefed on the situation.

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