Defendant Name: Moody's Investors Service, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Moody's Corporation
SIC Code: 7323
CUSIP: 61536910

Initial Case Details

Legal Case Name In the Matter of Moody's Investors Service, Inc.
First Document Date 28-Aug-2018
Initial Filing Format Administrative Action
File Number 3-18689
Allegation Type Other

Violations Alleged

Other
• Rules 17g-8(b)(2), 17g-8(b)(3) Exchange Act

Resolutions

First Resolution Date 28-Aug-2018
Headline Total Penalty and Disgorgement $1,250,000

Related Documents:

2018-169_34-83966 28-Aug-2018 Press Release--Administrative Proceeding
SEC Charges Moody's With Internal Controls Failures and Ratings Symbols Deficiencies
The Commission stated: "In the SEC's order relating to rating symbols, for 26 ratings of securities known as "combo notes" with a total notional value of about $2 billion, Moody's assigned ratings to combo notes in a manner that was inconsistent with other types of securities that used the same rating symbols."
34-83966 28-Aug-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-And-Desist Order
According to the Commission: "This matter concerns Moody's failure to establish, maintain, enforce and document policies and procedures reasonably designed to clearly define and consistently apply credit rating symbols as required by the Exchange Act."

Related Actions:

In the Matter of Moody's Investors Service, Inc.
Moody's Investors Service, Inc.