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 03-Sep-2024
Initial Filing Format Administrative Action
File Number 3-22054
Allegation Type Other

Violations Alleged

Other
• Section 17(a)(1) Exchange Act; Rule 17g-2(b)(7) Exchange Act

Resolutions

First Resolution Date 03-Sep-2024
Headline Total Penalty and Disgorgement $20,000,000

Related Documents:

34-100906 03-Sep-2024 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15E(d) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 3, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Moody’s Investors Service, Inc., stating: "These proceedings arise out of widespread and longstanding failures by Moody’s Ratings, an NRSRO, to adhere to certain NRSRO recordkeeping requirements."
2024-114_3-22054 03-Sep-2024 Press Release--Administrative Proceeding
SEC Charges Six Credit Rating Agencies with Significant Recordkeeping Failures; Firms admit to wrongdoing and agree to pay penalties totaling more than $49 million to settle SEC charges
On September 3, 2024, the SEC "today announced charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain and preserve electronic communications."