The SEC alleged a marketing relationship influenced Egan-Jones' rating for a particular company. It also found Egan-Jones failed to maintain a conflict-of-interest policy.
June 22, 2022 at 09:00 AM
2 minute read
Egan-Jones Rating Co., which issues credit ratings to banks, asset managers, insurance companies and other financial institutions, agreed to pay the U.S. Securities and Exchange Commission $1.7 million to settle conflict-of-interest charges.
Also settling was the firm’s CEO and founder, Sean Egan, 64, who agreed to pay $300,000.
Presented by BigVoodoo
General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
Duane Morris seeks an associate with 3-4 years of experience to join its Employee Benefits and Executive Compensation Group in its Philadelp...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists
Photo: Diego M. Radzinschi/ALM
