S&P settles with SEC for $58 million over bond ratings fraud

Home S&P settles with SEC for $58 million over bond ratings fraud. Lending S&P settles with SEC for $58 million over bond ratings fraud First action against one of the big three ratings firms.

In settling, S.&P. agreed to pay more than $58 million to the S.E.C., $12 million to New York State’s attorney general, Eric T. Schneiderman, and $7 million to the office of the Massachusetts attorney general, Martha Coakley.S.&P. previously announced that it expected to pay about $60 million to settle the investigations.

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Yields on McGraw-Hill’s $400 million of bonds. interview. Fraud claims have “a high burden of proof.” Moody’s, S&P and Fitch are being investigated by the New York Attorney General over whether the.

The U.S. government is seeking more than $5 billion in a civil lawsuit against Standard & Poor’s and parent The McGraw-Hill Companies over mortgage-bond. rating agency over alleged illegal behavior.

The ratings agency Standard & Poor’s will have to pay over $77 million and is to be barred for one year from grading certain bond deals for loosening its rating criteria in order to win business.. The SEC says that S&P will have to pay $58 million to settle three matters with the agency.

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Judge orders St. Lawrence to pay $327K, bars him from securities work ruling ends sec case that toppled powerful Ramapo supervisor, over baseball-stadium fraud Check out this story on lohud.com.

PMI to pay underwater borrowers to stay put If you put down less than 10%, you’ll be responsible for paying MIP for the life of your loan; otherwise, you can drop it after 11 years. 3 ways to reduce your PMI payments. If you’re anxious to lower your private mortgage insurance payments, consider the following options. Get a new appraisal

CVS Caremark will pay $80 million and AIG insurance companies will pay $230 million as part of a class action settlement agreement in Alabama over an alleged securities fraud case going back to 1990s involving MedPartners, the former name of Caremark Rx.

A listing of Actions Resulting from Referrals to Federal and State Authorities

Computer Sciences Corporation, the American technology contractor linked to allegations of bribery at Commonwealth Bank of Australia, has been charged with accounting fraud and fined $US190 million.

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