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SEC Expands Texting Crackdown to Big Ratings Agencies
News September 04, 2024 at 10:50 AM
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What You Need To Know
- Six credit ratings firms agreed to pay combined civil penalties of more than $49 million.
- The firms failed to retain and monitor messages through employees' use of texting and platforms like WhatsApp.
- The SEC has levied more than $3 billion in fines to date in its off-channel communications sweep.
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