Defendant Name: Moody's Investors Service, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2024-114_3-22054

Document Details

Legal Case Name In the Matter of Moody's Investors Service, Inc.
Document Name 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
Document Date 03-Sep-2024
Document Format Administrative Proceeding
File Number 3-22054
Allegation Type Other
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Monetary Penalties:

Civil Penalty

Individual:     $20,000,000.00 Shared:    

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."