SEC v. Standard & Poor’s Ratings Services

Standard & Poor’s Ratings Services was officially registered as a Nationally Recognized Statistical Rating Organization (NRSRO) by the SEC on September 24, 2007, after its application met all statutory requirements, with no fraud, charges, or misconduct alleged.

On September 24, 2007, the U.S. Securities and Exchange Commission granted Standard & Poor’s Ratings Services registration as a Nationally Recognized Statistical Rating Organization (NRSRO) under Section 15E of the Securities Exchange Act of 1934. The SEC determined that S&P’s application satisfied all regulatory requirements, including Form NRSRO and the disclosure obligations outlined in Section 3(a)(62)(B) of the Act. No allegations of fraud, financial penalties, or misconduct were present—this was a routine administrative approval authorizing S&P to issue credit ratings for five specified asset classes.

On September 24, 2007, the U.S. Securities and Exchange Commission granted Standard & Poor’s Ratings Services registration as a Nationally Recognized Statistical Rating Organization (NRSRO) under Section 15E of the Securities Exchange Act of 1934. The Commission found that S&P’s application fully complied with all statutory and regulatory requirements, including those specified in Exchange Act Rule 17g-1 and Form NRSRO (17 CFR 249b.300). The registration authorized S&P to issue credit ratings for the five classes of assets outlined in Section 3(a)(62)(B) of the Act. There were no allegations of fraud, misconduct, or enforcement actions associated with this proceeding. The order was purely administrative, affirming S&P’s eligibility to operate as an NRSRO in the U.S. financial markets. This approval enabled S&P to continue providing credit ratings that are widely used by investors and regulators. The action reflected routine regulatory oversight, not an investigation or penalty, and did not involve any financial penalties or legal sanctions.