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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

GE Settles With SEC for $50 Million

NEW HAVEN, Conn. (CN) - General Electric will pay $50 million to settle charges that it defrauded investors with false and misleading financial statements, the SEC said this morning. "GE bent the accounting rules beyond the breaking point," the head of the SEC's Enforcement Division said in a statement.

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