NU Online News Service, May 9, 1:27 p.m. EDT–The Securities and Exchange Commission plans to file a civil securities fraud complaint against a General Re executive, according to a statement from its parent company.
In the first quarter financial report of Omaha-based Berkshire Hathaway Corp. released Friday, it was reported that a senior vice president of General Re received a "Wells Notice" on May 2 from the staff of the SEC in connection with its investigation.
A spokeswoman for the Stamford, Conn.-based company declined to comment on the matter.
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