Attorneys Weigh In On SEC’s $77M Settlement With S&P


Eugene Goldman said that, while SEC imposed sanctions against Standard & Poor’s as part of a settlement over inaccuracies in how S&P disclosed its ratings methodologies for past mortgage-backed securities ratings, “the ultimate issue — whether there was fraud in portraying its ratings as independently assessed and objective during the run-up to the financial crisis — is in the hands of the Justice Department.”