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The SEC charges Egan-Jones Ratings and owner Sean Egan for making "material misrepresentations...

The SEC charges Egan-Jones Ratings and owner Sean Egan for making "material misrepresentations and omissions" to the SEC in its application to the agency to register as a ratings organization back in 2008. (Previous: regulator's concerns, Ritholtz's take)
Comments (6)
  • Whew.. I thought it had to do with the downgrade of the US.
    24 Apr 2012, 03:01 PM Reply Like
  • what a travesty. how low can this SEC sink. it has watched porn during a peak in stock and market manipulation and crime and this is what it now chooses to focus on?
    24 Apr 2012, 03:15 PM Reply Like
  • The SEC is a joke....Hey SEC.....how about doing something about Jon "the Don" Corzine. Why don't you leave a rating agency that actually does due dillenge alone and harass the other 3 that don't
    Ridiculous
    24 Apr 2012, 03:28 PM Reply Like
  • Ridiculous is right.....go after the truth tellers...but allow the criminals to go free...what ajoke they have become..and they say they don´t have enough money to do their job...lol
    24 Apr 2012, 04:16 PM Reply Like
  • No problem with the Corzine "material mis-representations and omissions" though. Right?
    24 Apr 2012, 05:01 PM Reply Like
  • The SEC’s investigation was conducted by Stacy Bogert, Pamela Nolan, Alec Koch, and Yuri Zelinsky. The SEC’s litigation will be led by James Kidney.

     

    Mary Schapiro must be soooo proud. The administration has certainly found a real go getter and leader bound and determined to keep the freeh market freeh.

     

    That MFG hearing today was as painful to view as my recent root canal. The fix is in and there appears to be nothing justice can do about it.

     

    Pathetic!
    24 Apr 2012, 06:46 PM Reply Like
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