SEC Press pdf 59 KB 1,610 chars

SEC v. Fitch, Inc.

raw: ORDER GRANTING REGISTRATION OF FITCH, INC. AS A NATIONALLY

Caption
SEC v. Fitch, Inc
Exhibit of Press Release: Seven Credit Rating Agencies Register with SEC as Nationally Recognized Statistical Rating Organizations (Press Release No. 2007-199; September 24, 2007)
Source PDF JSON
summary

Fitch, Inc. was granted registration as a Nationally Recognized Statistical Rating Organization (NRSRO) by the SEC under the Securities Exchange Act of 1934.

paragraph

The SEC granted Fitch, Inc. registration as an NRSRO on September 24, 2007, after finding that the company's application met the statutory and regulatory requirements under Section 15E of the Exchange Act. Fitch was permitted to issue credit ratings in five specified classes of securities. The registration was granted without any allegations of misconduct or financial penalties.

narrative

The U.S. Securities and Exchange Commission (SEC) issued an order on September 24, 2007, granting Fitch, Inc. registration as a Nationally Recognized Statistical Rating Organization (NRSRO) under Section 15E of the Securities Exchange Act of 1934. The SEC found that Fitch's application was in the required form and contained the necessary information as per Exchange Act Rule 17g-1 and Form NRSRO. The registration allowed Fitch to issue credit ratings for classes of securities described in clauses (i) through (v) of Section 3(a)(62)(B) of the Exchange Act. This regulatory approval was a routine authorization without any charges or allegations of wrongdoing. The order was issued by the SEC under paragraph (a)(2)(A) of Section 15E of the Exchange Act. The registration was a significant status for Fitch, accrediting it as a credit rating agency for specified securities. No financial penalties or misconduct allegations were associated with this registration process.

Enriched metadata

Scheme
non-corporate (100%)
Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Statutes
17 CFR 240.17g-1Section 15E of the Securities Exchange ActRule 17g-1
Parties
Securities and Exchange CommissionFitch, Inc.
Keywords
exchangeregistration fitchcommissionfitchincorder grantinggranting registrationexchange commissionsecurities exchangeregistrationnationallynationally recognizedrecognized statisticalstatistical ratingrating organization

Extracted insights

Entities 2
  • company Fitch, Inc. ×2
  • person nancy m. morris
Triples 4
  • Fitch, Inc. Furnished An application for registration as a nationally recognized statistical rating organization
  • The Commission Finds The application furnished by Fitch, Inc. is in the form required by Exchange Act Section 15E, Exchange Act Rule 17g-1 (17 CFR 240.17g-1), and Form NRSRO (17 CFR 249b.300)
  • The Commission Finds The requirements of Section 15E of the Exchange Act are satisfied
  • The Commission Grants The registration of Fitch, Inc. with the Commission as an NRSRO under Section 15E of the Exchange Act for the classes of credit ratings described in clauses (i) through (v) of Section 3(a)(62)(B) of the Exchange Act
PDF
ORDER GRANTING REGISTRATION OF FITCH, INC. AS A NATIONALLY · Source
Text layers
Extracted body text (1,610c) 

UNITED STATES OF AMERICA 
BEFORE THE 
SECURITES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 34-56509/September 24, 2007 
 
ORDER GRANTING REGISTRATION OF FITCH, INC. AS A NATIONALLY 
RECOGNIZED STATISTICAL RATING ORGANIZATION 
 
 Fitch, Inc., a credit rating agency, furnished to the Securities and Exchange 
Commission (“Commission”) an application for registration as a nationally recognized 
statistical rating organization (“NRSRO”) under Section 15E of the Securities Exchange 
Act of 1934 (“Exchange Act”) for the classes of credit ratings described in clauses (i) 
through (v) of Section 3(a)(62)(B) of the Exchange Act.  The Commission finds that the 
application furnished by Fitch, Inc. is in the form required by Exchange Act Section 15E, 
Exchange Act Rule 17g-1 (17 CFR 240.17g-1), and Form NRSRO (17 CFR 249b.300) 
and contains the information described in subparagraph (B) of Section 15E(a)(1) of the 
Exchange Act.  
  
Based on the application, the Commission finds that the requirements of Section 
15E of the Exchange Act are satisfied.   
 
            Accordingly,                        
 
 IT IS ORDERED, under paragraph (a)(2)(A) of Section 15E of the Exchange Act, 
that the registration of Fitch, Inc. with the Commission as an NRSRO under Section 15E 
of the Exchange Act for the classes of credit ratings described in clauses (i) through (v) of 
Section 3(a)(62)(B) of the Exchange Act is granted. 
 
 By the Commission. 
 
 
 
      Nancy M. Morris 
                                                                        Secretary