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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.

Questions:

  1. What is a Wells notice that the SEC issued to GE?
  2. What is the reason for the notice to GE, specifically?
  3. What will happen next if the government choses to proceed?

Source:

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/)

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