Law360 (October 6, 2020, 8:28 PM EDT) — The U.S. Securities and Exchange Commission issued a so-called Wells notice advising General Electric Co. of a potential civil action against it for possible violations of securities laws, GE said in a regulatory filing Tuesday. The Sept. 30 notice stated that SEC […]
Law360 (October 6, 2020, 8:28 PM EDT) — The U.S. Securities and Exchange Commission issued a so-called Wells notice advising General Electric Co. of a potential civil action against it for possible violations of securities laws, GE said in a regulatory filing Tuesday.
The Sept. 30 notice stated that SEC staff is “considering recommending” an action tied to the handling and disclosures of the reinsurance business held by the ailing manufacturing giant’s financial services division, GE Capital, according to the filing.
“GE disagrees with the SEC staff with respect to this recommendation and will provide a response through the Wells notice process,” the filing states.
GE disclosed in January…
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Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, and Standard Chartered, a major British financial services provider, are reportedly leading a workgroup of 12 other banks that are helping to develop a proof-of-concept (POC) for a digital Trade […]
