{"id":83531,"date":"2020-10-06T23:06:47","date_gmt":"2020-10-06T20:06:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/general-electric-receives-wells-notice-from-sec\/"},"modified":"2020-10-06T23:06:47","modified_gmt":"2020-10-06T20:06:47","slug":"general-electric-receives-wells-notice-from-sec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/general-electric-receives-wells-notice-from-sec\/","title":{"rendered":"#General Electric receives Wells notice from SEC"},"content":{"rendered":"<p>&#8220;<strong>#<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Electric receives Wells notice from SEC<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/general-electric-sec-e1602014693711.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n                        General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws.<\/p>\n<p>The industrial conglomerate said the issues the regulator could pursue relate to the company\u2019s run-off insurance operations \u2014 a portfolio of about 300,000 long-term care insurance policies that it holds in its GE Capital unit.<\/p>\n<p>In 2017, GE took a surprise $6.2 billion accounting charge and said it would need to set aside $15 billion for long-term care insurance payouts, one of the largest such amounts ever.<\/p>\n<p>GE said the Wells notice is neither a formal allegation nor a finding of wrongdoing.<\/p>\n<p>\u201cIt allows GE the opportunity to provide its perspective and to address the issues raised by the SEC staff before any decision is made by the SEC,\u201d the company said.\n            <\/p><\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2020\/10\/06\/general-electric-receives-wells-notice-from-sec\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#General Electric receives Wells notice from SEC&#8221; General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws. The industrial conglomerate said the issues the regulator could pursue relate to the company\u2019s run-off insurance&#8230;<\/p>\n","protected":false},"author":1,"featured_media":83532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/general-electric-sec-e1602014693711.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74487,74676,74677,72976],"class_list":["post-83531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-6-20","tag-accounting","tag-general-electric","tag-securities-and-exchange-commission"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=83531"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/83532"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=83531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=83531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=83531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}