Moody's "Glitch" Artificially Inflates Rating On European Debt, SEC Declines to Punish



Declines. As if they could do anything in the first place.

Reuters:

The U.S. Securities and Exchange Commission decided against pursuing a fraud case against Moody's Corp (MCO.N) over a computer glitch that caused ratings on some European debt to be inflated.

In a statement on Tuesday, the regulator cited uncertainty about jurisdiction as the reason not to pursue the case against the parent of Moody's Investors Service.
So what exactly keeps anyone from acting out if this is how our "regulators" behave? Threats? Hahahahahaha LOL threats!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

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