Day: December 10, 2020

GE to Pay $200 Million for Disclosure Violations

General Electric Co. has struck a deal with the Securities and Exchange Commission to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses in financial reports filed in 2017 and 2018. According to the SEC’s order, GE misled investors by describing its Read More

Cheesecake Factory hit by SEC

SEC Bites Cheesecake Factory for Misleading COVID-19 Disclosures

The Securities and Exchange Commission has settled charges against The Cheesecake Factory for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC’s first charging a public company for misleading investors about the financial effects of the pandemic. Read More