General Electric Warns SEC Could Take Action Over Company's Accounting Issues
General Electric (NYSE: GE) said Tuesday it has been advised the Securities and Exchange Commission (SEC) is considering bringing a civil injunctive action against it for possible violations of security law.
The SEC has been investigating GE's accounting practices since the company's January 2018 announcement that it was taking a massive charge following a review of its insurance portfolio, and a later October 2018 announcement of a goodwill-impairment charge in its power unit.
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Source Fool.com
