来源 | 继民财经汇

以下是美国证监会的最新处罚通告

中文翻译仅供参考，英文原文为准

通用电气同意就违反披露规定支付2亿美元罚款

即将发布2020-312

华盛顿特区，2020年12月9日-

美国证券交易委员会今天宣布，通用电气公司已同意支付2亿美元的罚款，以结清因其电力和保险业务披露失败而产生的费用。在2017年和2018年，由于电力和保险业务面临的挑战向公众披露，GE的股价下跌了近75％。 

根据SEC的命令，通用电气在描述其GE Power利润时误导了投资者，却没有说明2016年的四分之一利润和2017年的前三个季度的近一半利润来自其先前成本估算的下降。该处罚令还发现，通用电气未能告知投资者其报告的当前工业现金收款增加是以未来几年的现金为代价的，并且主要来自通用电气电力与通用电气金融服务业务通用电气资本之间的内部应收款销售。此外，该外罚令还指出，出从2015年到2017年，通用电气降低了其长期护理保险组合的索赔预计成本，并且未能告知投资者，在长期健康保险索赔成本上升之际，降低未来保险负债估计所导致的相应不确定性。

“投资者有权对公司的实质性经营成果有一个准确的了解，”执法部门主管斯蒂芬妮·阿瓦基安（Stephanie Avakian）说。“通用电气在多个业务中屡次披露失败，严重误导了投资者关于其如何产生报告的收益和现金增长以及其保险业务的潜在风险。”

美国证交会波士顿地区办事处执行副总监约翰·杜根（John T. Dugan）说：“上市公司必须非常谨慎地遵守披露法律，以为其投资者谋福利。” “像GE这样的公司，诸如部门间交易之类的复杂性以及对未来成本和收入的估计的依赖，必须确保它们提供给投资者的信息不会引起误解。”

SEC的命令认为GE违反了证券法的反欺诈，报告，披露控制和会计控制规定。在不承认或否认该命令的发现的情况下，GE同意停止并制止将来违反所指控条款的行为，支付2亿美元的罚款，并就其保险和权力中的某些会计和披露控制向SEC报告为期一年的情况。业务。

SEC正在进行的调查由SEC波士顿地区办事处的Michael Vito，Michael Franck，Patrick Noone，Mark Albers，Celia Moore，Rua Kelly，Colin Forbes，Kerry Vasta，Ryan Murphy和David D’Addio进行，并由其监督波士顿地区办事处的John Dugan和执行部总会计师Matthew Jacques。

General Electric Agrees to Pay $200 Million Penalty for Disclosure 

Violations

FOR IMMEDIATE RELEASE
2020-312

Washington D.C., Dec. 9, 2020 —

The Securities and Exchange Commission today announced that General Electric Co. (GE) has agreed to pay a $200 million penalty to settle charges for disclosure failures in its power and insurance businesses.  In 2017 and 2018, GE’s stock price fell almost 75% as challenges in its power and insurance businesses were disclosed to the public. 

According to the SEC’s order, GE misled investors by describing its GE Power profits without explaining that one-quarter of profits in 2016 and nearly half in the first three quarters of 2017 stemmed from reductions in its prior cost estimates.  The order also finds that GE failed to tell investors that its reported increase in current industrial cash collections was coming at the expense of cash in future years and came primarily from internal receivable sales between GE Power and GE’s financial services business, GE Capital.  In addition, the order finds that from 2015 to 2017, GE lowered projected costs for claims against its long-term care insurance portfolio and failed to inform investors of the corresponding uncertainties resulting from lower estimates of future insurance liabilities at a time of rising costs from long-term health insurance claims.

“Investors are entitled to an accurate picture of a company’s material operating results,” said Stephanie Avakian, Director of the Division of Enforcement.  “GE’s repeated disclosure failures across multiple businesses materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business.”

“Public companies must take great care to follow disclosure laws for the benefit of their investors,” said John T. Dugan, Associate Director of Enforcement in the SEC’s Boston Regional Office.  “Companies like GE, with complexities such as interdivisional transactions and reliance on estimates of future costs and revenues, must ensure that the information they provide to investors is not misleading.”

The SEC’s order finds that GE violated the antifraud, reporting, disclosure controls, and accounting controls provisions of the securities laws.  Without admitting or denying the order’s findings, GE agreed to cease and desist from future violations of the charged provisions, pay a $200 million penalty, and report for a one-year period to the SEC regarding certain accounting and disclosure controls in its insurance and power businesses.

The SEC’s ongoing investigation is being conducted by Michael Vito, Michael Franck, Patrick Noone, Mark Albers, Celia Moore, Rua Kelly, Colin Forbes, Kerry Vasta, Ryan Murphy, and David D’Addio of the SEC’s Boston Regional Office, and supervised by John Dugan of the Boston Regional Office and Matthew Jacques, Chief Accountant, Division of Enforcement.

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