GE Fined $200 Million in SEC Probe of Power, Insurance Units
GE Fined $200 Million in SEC Probe of Power, Insurance Units Bloomberg 12/10/2020 © Photographer: Goh Seng Chong/Bloomberg The General Electric Co. (GE) logo (Bloomberg) -- General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its power unit and an old insurance business, as a multi-year probe culminated in one of the U.S. Securities and Exchange Commission’s largest settlements tied to accounting disclosures. Popular Searches The industrial giant failed to tell shareholders that a sizable part of its power division’s earnings in 2016 an...
Source: msn.com