GE agrees to $200M settlement with SEC over accounting practices

General Electric Co. has agreed to pay $200 million to settle allegations from the U.S. Securities and Exchange Commission that the company misled investors by failing to disclose issues in its power and insurance businesses.

The agreement ends a years-long SEC investigation related to Boston-based GE’s (NYSE: GE) accounting practices, specifically regarding its long-term service agreements, a $23 billion write-down in its power division, and its legacy insurance business. The revelation of those…