General Electric (GE) $200 Million SEC Fair Fund

$200,000,000

Cash Settlement

SEC

Court

3-20165

Case number

10/16/2015

Class period Start

01/16/2018

Class period End

10/19/2022

Claim deadline

General Electric paid $200 million to settle charges related to failing to disclose material information in its power business and worsening trends in its insurance business. 

On December 9, 2020, the SEC instituted and simultaneously settled cease-and-desist proceedings against General Electric Company. It found that the Company failed to disclose material information to investors related to two of its key reportable segments during the period from 2015 through 2017. 

The SEC ordered GE to pay a $200,000,000 civil money penalty and formed the Fair Fund.

Case Type

SEC Fair Fund

Case Status

Distribution Preparation

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

2.04

Plaintiffs

SEC

Administrator

RCB Fund Services

Court hearing date

12/09/2022

Trades matching type

FIFO

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