Credit Rating Agencies Fined Nearly $50 Million for ‘Recordkeeping Failures’
By Naveen Athrappully The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant recordkeeping failures” and imposed almost $50 million in fines. The Securities Exchange Act requires credit rating agencies to retain all internal and external communications received and sent by the agencies as well as their employees that are related […]
By Naveen Athrappully The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant recordkeeping failures” and imposed almost $50 million in fines. The Securities Exchange Act requires credit rating agencies to retain all internal and external communications received and sent by the agencies as well as their employees that are related to rating…
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