S&P settles with SEC for $58 million over bond ratings fraud

S&P settles with SEC for $58 million over bond ratings fraud

According to The New York Times, the SEC has been successful in reporting frauds committed by some of the leading ratings agencies like S&P, which cost $58 million to settle the SEC’s charges and an additional $19 million to settle parallel cases by the New York attorney general’s office ($12 million) and the Massachusetts attorney general.

Both were released on a $500,000 bond. Authorities. Authorities said the fraud began in 2010, the same year voters overwhelmingly rejected a $16.5 million plan to build the ballpark, and lasted.

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Parmalat claimed a customer had not paid its bills (it was later revealed that the “customer” was owned by Parmalat). On 9 December 2003, Parmalat’s bond rating was downgraded to junk by S&P, and the stock price fell an additional 40% in subsequent days (see Figure 1).

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Wells Fargo & Company (WFC) arm – Wells Fargo Securities – enters into agreement with the Securities and Exchange Commission (SEC) to settle the case by paying more than $800,000 civil penalty.

A settlement over pre-financial crisis mortgage bond ratings could come as soon as Thursday, according to a report.. Standard & Poor’s settles with the SEC in ratings fraud case.

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S&P settles with SEC, 2 states over misconduct charges. million to settle charges tied to its ratings of mortgage-backed securities.. S&P to pay more than $58 million to the Securities and.

However, in the wake of Tesla’s 14% plunge the following day — and the more than $6 billion in hived from the company’s market value, Musk acquiesced to the SEC’s demands and accepted a $20 million.

Date: Article. Articles are added several times a day . source. comment. 7/28/15 nyc judge Hammers Bad-Faith Banksters For $100K+ Forfeiture Of Unpaid Interest For Its Unresponsiveness To Homeowners’ Loan Mod Requests: HETR

Ex-S&P exec goes on trial before SEC over mortgage bond ratings.. general announced a $77 million settlement with S&P, then a unit of McGraw Hill Financial Inc and now part of S&P Global Inc.

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