‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInIn a First, SEC Fines Moody’s Over Poor Controls, Unclear Rating Symbols | Corporate Counsel
In the first enforcement action of its kind, Moody’s Investors Services Inc. has agreed to pay $16.25 million to settle charges that it failed to adopt adequate internal controls and to apply clear and consistent credit rating symbols. via In a First, SEC Fines Moody’s Over Poor Controls, Unclear Rating Symbols | Corporate Counsel.
SEC Charges Credit Ratings Analyst and Two Friends with Insider Trading
The Securities and Exchange Commission today charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the two friends with trading on the illicit tips, which reaped them substantial profits. via SEC.gov | […]
In Wake of Equifax Data Breach, Credit Reporting Agencies Made Subject to NY State Cybersecurity Regulations | New York Law Journal
Credit reporting agencies will now be required to register with the state and comply with its cybersecurity regulations, the state Department of Financial Services announced Monday. The new rules are the state’s response to last year’s data breach at Equifax, a credit reporting agency, that exposed the personal information of 143 million people. If a […]