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Moody's Agrees To Pay $16.3M To Settle SEC Ratings Probes

By Tom Zanki (August 28, 2018, 6:04 PM EDT) -- Moody's Investors Service Inc. on Tuesday agreed to pay $16.25 million to settle U.S. Securities and Exchange Commission charges accusing the credit ratings agency of internal control lapses regarding its method for rating mortgage bonds, plus alleged deficiencies involving its application of credit rating symbols....

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