PPP KINGDOM

PPP KINGDOM

SEC MULLS CHARGES AGAINST S&P IN CDO CASE

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U.S. regulators may charge Standard & Poor’s with violating federal securities laws when it gave top ratings in 2007 to a repackaged mortgage bond that soon tanked.

Securities and Exchange Commission action against S&P would be one of the first by the commission against a major rating agency in the wake of the financial crisis.

S&P parent McGraw-Hill Cos Inc  said it might have to pay civil penalties to the SEC. McGraw-Hill shares were down 2.2 percent in morning trading.

http://www.reuters.com/article/2011/09/26/us-mcgrawhill-wells-idUSTRE78P1TC20110926

Best Regards,

FINANCIAL WARRIOR

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