The Securities and Exchange Commission has notified former General Reinsurance Corp chief executive Ronald E. Ferguson, that he could face civil charges as a result of an inquiry into deals involving improper accounting, GenRe parent Berkshire Hathaway Inc. said.

Mr. Ferguson, who quit his post Oct. 1, 2001, was given an SEC Wells notice informing him that its staff is considering a recommendation that he be charged with securities violations. Under Wells provisions the target of the notice may respond before SEC staff makes its recommendation.

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