The SEC is contemplating taking civil action against Standard & Poor's for alleged violations of federal securities laws related to its ratings of collateralized debt obligations in 2007, as the financial crisis was getting under way.
McGraw-Hill Cos. Inc., which owns S&P, said in a statement on Monday that S&P received a so-called "Wells Notice" on Thursday in which the SEC staff "may recommend that the Commission seek civil money penalties, disgorgement of fees and other appropriate equitable relief."
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McGraw-Hill Cos. Inc., which owns S&P, said in a statement on Monday that S&P received a so-called "Wells Notice" on Thursday in which the SEC staff "may recommend that the Commission seek civil money penalties, disgorgement of fees and other appropriate equitable relief."
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1 comment:
Hmm, say something against the regime and all of a sudden something from 4 years ago pops up, right out of the Marist manifest
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