NIFTY 50 23,205.35 up stock 50.00 (0.22%)
NIFTY 100 23,823.25 up stock 84.85 (0.36%)
NIFTY 500 21,538.05 up stock 141.50 (0.66%)
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NIFTY AUTO 22,518.95 up stock 244.60 (1.10%)
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NIFTY IT 43,351.75 up stock 761.05 (1.79%)
NIFTY MEDIA 1,687.25 up stock 24.00 (1.44%)
NIFTY METAL 8,515.55 up stock 45.30 (0.53%)
NIFTY PHARMA 22,343.30 up stock 308.35 (1.40%)
NIFTY PRIVATE BANK 23,870.45 Down stock -95.50 (-0.40%)
NIFTY REALTY 873.70 up stock 8.65 (1.00%)
NIFTY OIL & GAS 10,702.00 Down stock -55.00 (-0.51%)
NIFTY COMMODITIES 8,098.00 up stock 79.95 (1.00%)
NIFTY ENERGY 33,866.60 up stock 61.40 (0.18%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
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ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 23,205.35 up stock 50.00 (0.22%)
NIFTY 100 23,823.25 up stock 84.85 (0.36%)
NIFTY 500 21,538.05 up stock 141.50 (0.66%)
NIFTY MIDCAP 50 15,008.20 up stock 233.45 (1.58%)
INDIA VIX 16.70 Down stock -0.07 (-0.46%)
NIFTY MIDCAP 150 20,047.95 up stock 351.05 (1.78%)
NIFTY SMALLCAP 50 8,346.10 up stock 108.75 (1.32%)
NIFTY BANK 48,589.00 Down stock -135.40 (-0.28%)
NIFTY AUTO 22,518.95 up stock 244.60 (1.10%)
NIFTY FMCG 55,781.80 up stock 185.75 (0.33%)
NIFTY IT 43,351.75 up stock 761.05 (1.79%)
NIFTY MEDIA 1,687.25 up stock 24.00 (1.44%)
NIFTY METAL 8,515.55 up stock 45.30 (0.53%)
NIFTY PHARMA 22,343.30 up stock 308.35 (1.40%)
NIFTY PRIVATE BANK 23,870.45 Down stock -95.50 (-0.40%)
NIFTY REALTY 873.70 up stock 8.65 (1.00%)
NIFTY OIL & GAS 10,702.00 Down stock -55.00 (-0.51%)
NIFTY COMMODITIES 8,098.00 up stock 79.95 (1.00%)
NIFTY ENERGY 33,866.60 up stock 61.40 (0.18%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 05:52 IST, September 4th 2024

Six rating agencies to pay over $49 mln over recordkeeping failures, SEC says

Moody's and S&P agreed to pay $20 million each, while Fitch agreed to pay $8 million, the SEC said.

Reported by: Thomson Reuters
US Securities and Exchange Commission
US Securities and Exchange Commission | Image: Shutterstock

Six credit rating agencies agreed to pay a total of more than $49 million in civil penalties to settle US Securities and Exchange Commission charges they broke recordkeeping rules, the regulator said on Tuesday.

Moody's Investors Service, S&P Global Ratings, Fitch Ratings, HR Ratings de Mexico, AM Best Rating Services and Demotech each admitted to significant failures by the firms and personnel to maintain and preserve electronic communications, the SEC said.

Moody's and S&P agreed to pay $20 million each, while Fitch agreed to pay $8 million, the SEC said. A.M. Best will pay $1 million, HR Ratings de México agreed to pay $250,000 and Demotech will pay $100,000.

The SEC has hit dozens of firms with fines for failing to maintain records, largely in connection with employees' use of text messages and messaging apps such as WhatsApp.

Lawyers for the firms did not respond immediately to requests for comment.

Updated 05:52 IST, September 4th 2024