Egan-Jones Ratings Firm Is in SEC Sights

The Securities and Exchange Commission voted Thursday in favor of bringing an administrative action against Egan-Jones, the firm said. In what would be an unprecedented move, the SEC could seek to punish the firm by stripping it of its ability to issue officially recognized ratings on securities tied to government debt and asset-backed deals. An SEC spokesman declined to comment.

via Egan-Jones Ratings Firm Is in SEC Sights – WSJ.com.