SEC Settles Major Disclosure Violation Allegations, Assessing $200 Million Penalty

Underscoring its stated enforcement focus on fulsome disclosure of issuers’ businesses and trends in their operations, the U.S. Securities and Exchange Commission settled charges with General Electric Company on December 9, 2020. The SEC alleged that GE’s disclosures between 2015 and 2017 had misled investors concerning the nature and quality of its earnings and failed to disclose trends management was seeing in two key GE business segments—power and insurance......
By: Vinson & Elkins LLP

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