GE fined USD 200m in SEC probe of power and insurance units

The US Securities and Exchange Commission announced Wednesday that it's sending GE a fine of USD 200 million for failing to provide information on its efforts to bolster both liquidity and profit in the GE Power division.

Photo: Benoit Tessier/Reuters/Ritzau Scanpix

By Matt Robinson and Ryan Beene, Bloomberg News

General Electric Co. was fined USD 200 million for allegedly misleading investors about the finances of its power unit and an old insurance business, as a multi-year probe culminated in one of the US Securities and Exchange Commission’s largest settlements tied to accounting disclosures.

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