Several Groups Call for SEC to Regulate Rating Agencies

Hume, Lynn
March 2006
Bond Buyer;3/8/2006, Vol. 355 Issue 32334, p7
Trade Publication
The article reports that trade groups and individuals are asking Congress to pass a legislation to empower the Securities and Exchange Commission (SEC) to regulate credit rating agencies in the United States. Paul Schott Stevens, president of Investment Company Institute, claims that rating agencies should be required to register with the SEC. CFA Institute President Jeffrey J. Diermeier clamors for an industry-wide standard of professional conduct.


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