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S&P May Face SEC Enforcement Action Over MBS Ratings

Share us on: By Jeff Sistrunk
Law360, Los Angeles (July 23, 2014, 9:11 PM ET) -- Standard & Poor's Ratings Services could face an enforcement action by the U.S. Securities and Exchange Commission over alleged violations of federal securities laws with respect to its ratings of several commercial mortgage-backed securities, S&P parent McGraw Hill Financial Inc. said in a Wednesday SEC filing.

McGraw Hill disclosed in the filing that it has received a so-called Wells notice from the SEC indicating that commission staff have made the preliminary determination to recommend an enforcement action against S&P over its ratings of six commercial MBS...

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