Jan 24, 2018

GE says it is under SEC investigation

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Source: Giphy

General Electric revealed during a Wednesday morning earnings call that the Securities and Exchange Commission is investigating a recently-disclosed $6.2 billion charge related to GE Capital's insurance portfolio. The troubled conglomerate also said it plans to restate its 2016 and 2017 results.

  • GE stock was up in pre-market trading on 2018 guidance (despite missing on top and bottom lines for Q4), but fell quickly after the regulatory probe was disclosed.
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