General Electric is once again in hot water with the Securities and Exchange Commission.
The SEC warned GE late last month that it plans to bring an enforcement action over the company’s handling of an insurance portfolio, a filing on Tuesday revealed. GE had previously said the SEC was investigating staggering insurance losses of $6.2 billion.
The warning, known as a “Wells notice,” advised GE that the agency could bring a civil enforcement action for potential violations of securities laws. Such a notice gives companies the opportunity to respond before