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News - Gen Re's Brandon served Wells notice.
(From Reinsurance)
Berkshire Hathaway has announced that on 8 September 2005, Joseph Brandon, CEO of General Reinsurance, a wholly owned subsidiary of Berkshire Hathaway, received a "Wells notice" from the staff of the Securities and Exchange Commission in connection with its ongoing investigation of non-traditional insurance products.
The Wells notice states that the staff is considering recommending that the Commission bring a civil injunctive action alleging that Mr Brandon violated or aided and abetted violations of the ...
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