SEC Accepts Proposals On Credit Ratings, Annuities

Law360, New York (June 25, 2008, 12:00 AM EDT) -- At an open meeting Wednesday, the U.S. Securities and Exchange Commission voted to streamline its consideration of proposed rule changes from securities exchanges, to seek public comment on proposals to update its own use of credit ratings and to change rules governing foreign brokers and equity-indexed annuities.

The open meeting came two weeks after the SEC voted to seek public comment on proposed new rules aimed largely at boosting disclosure and regulating conflicts of interest at credit rating agencies on June 11.

Wednesday’s meeting focused first...
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