Moody’s to pay $16.25 million to settle SEC charges
(Reuters) — The U.S. Securities and Exchange Commission said Tuesday that it charged Moody’s Investor Service Inc. with failing to clearly define and consistently apply credit-rating symbols in a first-ever ratings-related enforcement action by the regulator.
Moody’s did not admit or deny the SEC charges but did agree to pay $16.25 million to both settle charges and review its rating symbol policies and controls, the regulator said in a statement.
