Headlines via Reuters incoming on US Securities and Exchange Commission activity:

  • SEC charges S&P Global Ratings with conflict of interest violations
  • SEC says S&P Global Ratings violated conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings

More:

  • "Without admitting or denying the SEC’s findings, S&P agreed to settle this matter by paying a $2.5 million penalty and agreeing to the entry of a cease-and-desist order, a censure, and compliance with certain undertakings."
Gary Gensler is chair of the US Securities and Exchange Commission. He appeared before a Senate Bank