General electric agrees to pay $200 million penalty for disclosure violations

Washington, d.c.--(newsfile corp. - december 9, 2020) - the securities and exchange commission today announced that general electric co. (ge) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses.  in 2017 and 2018, ge's stock price fell almost 75% as challenges in its power and insurance businesses were disclosed to the public. according to the sec's order, ge misled investors by describing its ge power...
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