Tag: Rating agencies

SEC faults rating firms for rule lapses, lax cybersecurity — Dow Jones Newswires

In two annual SEC staff reports based on reviews of the 10 credit-rating firms registered with the agency, it said the industry’s largest players lacked sufficient internal systems to prevent the “misuse or inappropriate dissemination” of sensitive or restricted information about the firms and entities they rate. But the agency said rating firms have added compliance resources as well as…

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SEC Is Gearing Up to Focus on Ratings Firms – WSJ

The government’s top credit-rating watchdog has kept a low profile since taking the job two years ago to help prevent another financial crisis. That may be about to change. Thomas J. Butler, head of the Securities and Exchange Commission’s Office of Credit Ratings, said he has referred multiple cases to the agency’s enforcement division and is helping complete several industry…

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