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SEC Penalizes Six Credit Rating Firms for Recordkeeping Lapses
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Subscribe06 SEP 2024 / SEC UPDATES
The Securities and Exchange Commission (SEC) has fined six major credit rating agencies, including Moody's Investors Service, S&P Global Ratings, and Fitch Ratings, for failing to properly maintain their electronic communications. These agencies were penalized a total of over $49 million, the majority of which must now hire compliance consultants, indicating the SEC's strong stance on firms' accountability.
Did you catch the latest SEC shake-up? The Securities and Exchange Commission just took aim at six major credit rating agencies for some serious recordkeeping slip-ups. Yep, even the big dogs like Moody’s Investors Service, S&P Global Ratings, and Fit...
Until next time…
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