According to the Washington Post and the regulatory filing, the Securities and Exchange Commission warned General Electric that it faces legal action in connection with its troubled insurance business.
- What is a Wells notice that the SEC issued to GE?
- What is the reason for the notice to GE, specifically?
- What will happen next if the government choses to proceed?
Shabar, H. (2020). GE is warned it faces SEC action tied to accounting investigation. The Washington Post, Oct. 6 (Retrievable online at https://www.washingtonpost.com/business/2020/10/06/ge-sec-insurance-wells-notice/)