SEC bars Egan-Jones from rating certain bonds

01/23/2013 | Bloomberg · Washington Post, The · Wall Street Journal, The

The Securities and Exchange Commission has prohibited Egan-Jones Ratings from issuing ratings on municipal bonds, sovereign debt and asset-backed securities for at least 18 months. The ban is part of a settlement between Egan-Jones and the SEC regarding allegations that the firm misled investors about its expertise and filed inaccurate documents with the regulator.

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Bloomberg · Washington Post, The · Wall Street Journal, The

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