General Reinsurance Corp. CEO Joseph Brandon, along with a current and former executive, have received notices from the Securities Exchange Commission warning of a possible civil injunctive violation, the parent company announced.
In a press statement issued today, Berkshire Hathaway Inc., Omaha, Neb., said that Mr. Brandon had received a so-called "Wells notice" in connection with the SEC's investigation of non-traditional insurance products.
Former General Re Senior Vice President Christopher Garand, who retired two weeks ago, and Robert Graham, current assistant general counsel, have also received such notices, said Berkshire Hathaway.
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