Trian Dumped GE Stock, but Druckenmiller Stood Pat in Q3 as SEC Probe Heated Up

The troubled industrial giant received a Wells Notice at quarter’s end.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Nelson Peltz’s Trian Management sold almost half of its stake in General Electric during the third quarter — just before the Securities and Exchange Commission’s investigation of the company heated up.

On September 30, the SEC staff issued a Wells notice to GE, letting the company know it was “considering recommending to the SEC that it bring a civil injunctive action against GE for possible violations of the securities laws,” the company disclosed on October 6.

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