Share “News Summary: SEC settles with...”

News Summary: SEC settles with credit-rating firm

Published on NewsOK Modified: January 22, 2013 at 3:46 pm •  Published: January 22, 2013

SEC SETTLES: The Securities and Exchange Commission barred Egan-Jones Ratings Co. from rating governments and issuers of asset-backed bonds as a recognized rating agency for 18 months. The order came as part of a settlement with Egan Jones.

THE CHARGES: The SEC alleged that the company made false statements when applying to become a "nationally recognized" rating agency in 2008. It also said Egan-Jones repeatedly violated conflict-of-interest rules.

AND YET: The firm will likely keep offering ratings on governments and asset-backed issuers, said Bill Hassiepen, co-head of Egan-Jones' ratings desk. They just won't carry the SEC's stamp of approval.


  1. 1
    POPS To Open New Location At Nichols Hills
  2. 2
    Woman arrested in Montana while living under alias to escape warrant in Oklahoma
  3. 3
    Owasso police: DUI suspect claiming to be surgeon threatens 'wait till I get you under my knife'
  4. 4
    Board OKs settlement over principal who hypnotized students
  5. 5
    Gov. Bentley, Jesse Jackson and lawmakers meeting today to talk Alabama DMV closings
+ show more


× Trending business Article