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SEC Alert! Staff Report on Nationally Recognized Statistical Rating Organizations (NRSO): Of 10 total NRSO's Fitch, Moody’s, and S&P are categorized as “large NRSROs”. All 3 had essential material regulatory deficiencies

Staff Report More in depth post here: https://www.reddit.com/r/Superstonk/comments/10rt2n6/sec_publishes_annual_staff_report_on_nationally/ Fitch, Moody’s, and S&P are categorized as “large NRSROs”. All 3 had essential material regulatory deficiencies undermining quality of credit ratings & inconsistent any-fraud provisions.
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SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations. A Scathing report with conflicts of interests, misuse of material, non-public information and lack internal control for determining credit ratings.

23 essential findings. This is bad. Staff Report Press release: https://www.sec.gov/news/press-release/2023-21 The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency,
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NSCC Alert! Proposal approved to use net capital, rather than excess net capital, for calculating the ECP charge for a better measure of increase default risks with low net capital levels relative to its margin requirements.

Source: https://www.sec.gov/rules/sro/nscc/2023/34-96786.pdf SR-NSCC-2022-005 34-96786: Order Approving Proposed Rule Change, as Modified by Amendment Nos. 1, 2, and 3, to Revise the Excess Capital Premium Charge Good evening r/Superstonk, neighborhood jellyfish here looking to review this approved rule that dropped from
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