The U.S. Securities and Exchange Commission uncovered a total of 487 instances over the past six years in which the nation’s SEC-registered credit-rating agencies were deemed by agency staff to be in non-compliance with federal securities laws or related SEC rules, a recent SEC staff report reveals.

The bulk of the violations, which were uncovered during mandated annual SEC examinations, fell into three categories as follows: internal supervisory controls, 42.3%; adherence to internal policy, procedures and rating methodologies, 30.6%; and conflicts of interest, 11.5%. The report focuses on the nine rating agencies that as of year-end 2021 were registered with the SEC as details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com