General RE Ex-CEO Facing SEC Action

0

Warren Buffett’s Berkshire Hathaway Inc. said on Friday the former chief executive of its General Re Corp. unit could face action from the U.S. securities watchdog as part of an investigation into non-traditional insurance products.


Berkshire Hathaway said it had been informed by counsel representing Ronald Ferguson that the former General Re CEO had received a Wells notice, which indicates the U.S. Securities and Exchange Commission is considering filing a civil action but provides an opportunity to dispute any potential charges.


*

Read the full Reuters story

.

No posts to display