Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

S&P to Pay $77 Million for Ratings Misconduct

Jaclyn Jaeger | January 21, 2015

Standard & Poor’s Ratings Services today agreed to pay more than $77 million to the government for a series of federal securities law violations involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities.

As part of its settlement, S&P will pay more than $58 million to the Securities and Exchange Commission, plus an additional $12 million to the New York Attorney General’s office, and $7 million to the Massachusetts Attorney General’s office to settle parallel cases.

“Standard & Poor’s elevated its own financial interests above investors by loosening its rating criteria to obtain...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.