August 28, 2018 / 2:35 PM / a year ago

Moody's to pay $16.25 mln to settle SEC charges

WASHINGTON, Aug 28 (Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it charged Moody’s Investor Service with failing to clearly define and consistently apply credit-rating symbols in a first-ever ratings-related enforcement action by the regulator.

Moody’s did not admit or deny the SEC charges but did agree to pay $16.25 million to both settle charges and review its rating symbol policies and controls, the regulator said in a statement. (Reporting by Katanga Johnson Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below