SEC Delays Vote On Credit Rating Industry Reforms

Law360, New York (November 19, 2008, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has postponed a vote on a controversial package of rules designed to reform practices in the credit rating industry.

At an open meeting Wednesday, SEC Chairman Christopher Cox postponed the vote until Dec. 3, noting that the commission originally had planned to spread the consideration of the credit rating agency rules over two meetings, but later decided that the best way to handle the proposals was to discuss the entire package in a single meeting.

“So we will return to...
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