By Michael Dabaie

General Electric Co. shares turned negative in afternoon trading, recently down 4% to $6.16 after trading higher earlier.

The company said in a Securities and Exchange Commission filing that SEC staff issued a "Wells notice" advising GE it is considering recommending to the SEC it bring a civil injunctive action against GE for possible violations of securities laws.

GE said it was informed the issues relate to the historical premium deficiency testing for GE Capital's run-off insurance operations, as well as GE's disclosures relating to such run-off insurance operations.

GE said in the filing it disagrees with the SEC staff on this recommendation and will provide a response through the Wells notice process.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

October 06, 2020 14:51 ET (18:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more GE Aerospace Charts.
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more GE Aerospace Charts.