Speaking now @FSCDems Capital Markets Subcommittee hearing on oversight of the #SEC’s offices & divisionshttps://www.youtube.com/watch?v=OVV0zneOIDs …
Yet, you have not levied any fines or penalties on ratings agencies.
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You have not used your statutory authority under Section 15E of the Securities Exchange Act to suspend agencies or individuals from ratings.
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And Office of Credit Ratings (OCR’s) public examinations do not even identify the specific ratings agencies that violate procedural rules.
End of conversation
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