The SEC sent a Wells Notice to GE, which means its auditor KPMG has a lot to answer for

Somewhere Harry Markopolos is smiling.

On September 30, 2020, General Electric announced that the US Securities and Exchange Commission had issued a “Wells Notice” to the company. The SEC advised GE that it is “considering recommending to the SEC that it bring a civil injunctive action against GE for possible violations of the securities laws.”

GE reported in January of 2018 that the SEC was …