GE gets SEC ‘Wells notice’ over possible violations

SAN FRANCISCO (MarketWatch) — General Electric Co. said it may be facing a civil action from the Securities and Exchange Commission over how it accounted for derivatives in several of its segments, the company said in an SEC filing Friday. On Thursday, GE said it received a “Wells notice” from SEC staff recommending the agency bring a civil injunctive action against the company for possible violations of securities laws.
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Original post by Forextvblog

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