Skip to Primary Navigation

SEC charges six credit rating firms for e-comms recordkeeping failures

Image of a mobile phone showing various apps.
Photo: Matt Cardy/Getty Images

Four of the six firms ordered to retain compliance consultants; two exempted due to extensive cooperative and remedial efforts.

The SEC has announced charges against six nationally recognized statistical rating organizations, or NRSROs, for what the agency alleges are failures by the firms and their personnel to maintain and preserve electronic communications.

The firms admitted the facts set out in their respective orders and agreed to pay combined civil