{"id":4594,"date":"2008-04-04T07:31:16","date_gmt":"2008-04-04T07:31:16","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/04\/the_association_for_financial"},"modified":"2022-04-20T13:39:49","modified_gmt":"2022-04-20T18:39:49","slug":"the-association-for-financial","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/the-association-for-financial\/","title":{"rendered":"The Association For Financial Professionals Wants SEC Chairman Cox To Push Harder For Reform Of Credit Rating Agencies"},"content":{"rendered":"

The Association for Financial Professionals is calling on Securities and Exchange Commission head Christopher Cox to use the SEC’s authority to push for the reform of the credit rating agencies.<\/p>\n

In a letter from the AFP, CEO Jim Kaitz urged Cox to use the authority that Congress granted the SEC with the Credit Rating Agency Reform Act of 2006, which gives the SEC permission to hold the agencies accountable for providing timely and accurate ratings.<\/p>\n

SEC Director of Trading and Markets Erik Sirri has said, however, that although the SEC can hold credit rating systems accountable for their ratings, it does not have the authority to interfere with the way that agencies assign ratings, which is a key issue that is impacting the current subprime mortgage market crisis.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Association for Financial Professionals is calling on Securities and Exchange Commission head Christopher Cox to use the SEC’s authority to push for the reform of the credit rating agencies. In a letter from the AFP, CEO Jim Kaitz urged Cox to use the authority that Congress granted the SEC with the Credit Rating Agency […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3845],"tags":[],"class_list":["post-4594","post","type-post","status-publish","format-standard","hentry","category-credit-rating-agencies"],"yoast_head":"\nThe Association For Financial Professionals Wants SEC Chairman Cox To Push Harder For Reform Of Credit Rating Agencies — Investor Lawyers Blog — April 4, 2008<\/title>\n<meta name=\"description\" content=\"The Association for Financial Professionals is calling on Securities and Exchange Commission head Christopher Cox to use the SEC's authority to push for — April 4, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/the-association-for-financial\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Association For Financial Professionals Wants SEC Chairman Cox To Push Harder For Reform Of Credit Rating Agencies — Investor Lawyers Blog — April 4, 2008\" \/>\n<meta name=\"twitter:description\" content=\"The Association for Financial Professionals is calling on Securities and Exchange Commission head Christopher Cox to use the SEC's authority to push for — April 4, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Association For Financial Professionals 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