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SEC may recommend legal action against S&P

BY: Associated Press
POSTED: September 26, 2011
Tags: , , , , , , , ,

NEW YORK — The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor’s debt ratings agency over its rating of a 2007 collateralized debt offering. Collateralized debt obligations, also known as CDOs, are securities tied to multiple underlying mortgage loans. The CDO generally gains value if [...]


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Brendan Hogan is all smiles with his 1-year-old son, Declan, during the hooding ceremony Friday for graduates of the University of Maryland Francis King Carey School of Law at the Hippodrome Theatre. The University of Baltimore School of Law will hold its commencement ceremony Monday afternoon. (Maximilian Franz/The Daily Record)

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