Regulatory case
In the Matter of S&P Global Ratings
- Authority
- US Securities and Exchange Commission
- Case number
- Not published
- Filed or opened
- 3 September 2024
- Organization
- S&P Global Ratings
- Current stage
- Settled order with admissions.
- Outcome
- Settled with a US$20 million penalty and admitted factsS3.
Decisions and steps
- US$20 million civil penalty for recordkeeping failuresS3
Claims this case bears on
- Supported93The SEC said in September 2024 that S&P Global Ratings agreed to pay a US$20 million penalty for failures to keep electronic communications and admitted the facts in its order.Regulator statement, 3 September 20242 records citedDisclosure
Sources
- S3Tier A SEC Charges Six Credit Rating Agencies with Significant Recordkeeping FailuresUS Securities and Exchange Commission. Regulator press release. 3 September 2024.Supports the US$20 million penalty and the admission of facts. It does not address the quality of any rating.