Standard & Poor’s has argued to U.S. regulators that it should not be accused of violating securities laws in its ratings of a set of subprime mortgage-related securities, according to a public filing by S&P parent McGraw-Hill Cos Inc. The company said that since receiving a notice from the SEC on September 22 that the enforcement staff was weighing a case, S&P has presented “its position on the issues raised and why the Commission should not commence enforcement proceedings.”
Read more: Standard & Poor’s has argued SEC should drop case — Reuters
