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02/09/2012
Former Owner of Illinois Technology Company Sentenced to Serve 30 Months in Prison for Role in Multi-State Scheme to Defraud Federal E-Rate Program
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02/09/2012
Food Storage and Processing Facility in Washington State Agrees to Resolve Seizure Action
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02/09/2012
Federal Government and State Attorneys General Reach $25 Billion Agreement with Five Largest Mortgage Servicers to Address Mortgage Loan Servicing and Foreclosure Abuses
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02/09/2012
Justice Department Dismisses Antitrust Lawsuit Against Deutsche Borse and NYSE Euronext
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02/09/2012
Libya: UN welcomes adoption of electoral laws
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02/09/2012
UN wraps up year of forests by highlighting their social and economic value
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02/09/2012
Wave of prison deaths in South America sparks alarm from UN human rights office
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02/09/2012
Rap artist 50 Cent visits Horn of Africa with UN food relief agency
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02/09/2012
UN official urges Syria to immediately end violations against children
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02/08/2012
U.S. and Chinese Defendants Charged with Economic Espionage and Theft of Trade Secrets in Connection with Conspiracy to Sell Trade Secrets to Chinese Companies
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06/11/2008

News / Under Secretary Steel Statement on SEC's Proposed Rating Practices


New York - Under Secretary for Domestic Finance Robert K. Steel released the following statement today regarding the Securities and Exchange Commission's proposed rules for improving credit rating practices:

"Today's SEC action is an important step to enhancing disclosure to investors and market participants about the processes and practices of credit rating agencies and towards addressing conflict-of-interest issues. The President's Working Group on Financial Markets made several recommendations in March addressing credit rating issues, including review and disclosure by credit rating agencies, due diligence on the part of investors, and an assessment of the use of ratings in rules and regulations by supervisors. This SEC action makes a significant contribution towards implementing the PWG's recommendations."

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