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.