The SEC’s Investigation Of GE Accounting

Law360, New York (September 1, 2009, 12:47 PM EDT) -- On Aug. 4, the U.S. Securities and Exchange Commission charged General Electric Company with fraud and multiple violations of the federal securities laws (FSLs) in a civil action that GE has agreed to settle by paying a $50 million penalty and consenting to the entering of an order permanently enjoining the company from violating the antifraud, reporting, record-keeping and internal control provisions of the FSLs.

GE agreed to pay the substantial financial penalty and to entry of the order without admitting or denying the allegations, thereby...
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