Defendant Name:
S&P Global Ratings
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
S&P Global Inc.
SIC Code:
6282
CUSIP:
78409V10
Document Reference:
34-96308
Document Details
Legal Case Name
In the Matter of S&P Global Ratings
Document Name
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
Document Date
14-Nov-2022
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On November 14, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against S&P Global Ratings, stating: "This matter arises from the rating of a residential mortgage backed security ("RMBS") transaction by S&P Global Ratings in 2017. At that time, S&P had not rated a prime "jumbo" RMBS transaction in over two years and had not rated any transaction for this issuer since early 2015. S&P commercial employees viewed the engagement as a very positive development for S&P and its RMBS rating business."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$2,500,000.00
Shared:
