martindale.com
Legal Library
|
SEC Proposes New Rules for Disclosure by Issuers of Credit Ratings and Liability of Rating Agencies as "Experts" |
October 22, 2009
Previously published on October 12, 2009
Even when securities are highly rated, investors can suffer significant losses. Citing losses of 70% in the value of AAA-rated mortgage backed securities from January 2007 to January 2008, the Securities and Exchange Commission (the "SEC") on October 7, 2009, published proposed amendments to its disclosure rules aimed at better investor understanding of credit ratings and their limitations. The SEC is seeking to balance the reality that credit ratings are important to investors with the concern that investors place undue reliance on credit ratings by requiring disclosure of information about what a credit rating is and what it is not.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
Practice Area Resource Centers
|
|
RSS | Blog | Advertising Opportunities | Site Map | Contact Us