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Real Estate & Property Law

: Housing Wire

SEC Tightens Belt on Rating Agencies

By KELLY CURRAN

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After an “extensive examination” found “significant weaknesses in rating practices,” the Securities and Exchange Commission approved Wednesday new measures to expand oversight of credit rating agencies — who have long been criticized for their alleged role in contributing to the financial crisis. “Conflicts of interests were amplified as credit rating agencies sought to gain market-share in [...]

Full post as published by Housing Wire on December 04, 2008 (boomark / email).

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