The SEC opened an investigation into the methods of Standard & Poor's
According to the "Wall Street Journal, the Securities and Exchange Commission (SEC), the U.S. stock market regulator has launched a major investigation into the practices of the reporting agency, including those used to decide to withdraw the" AAA "of the first global Economy on August 5.
Investigators studying the regulator including the calculation models used, contested by the U.S. Treasury, noted in particular that an error of 2.000 billion in the budgetary projections in S & P said the newspaper.
The SEC also seeks to determine how many people were aware of the forthcoming decision in S & P to establish a possible insider trading. "Proving that someone released this information can be difficult, warns the financial daily. Many traders anticipated because such a decision. "
Rumors about a possible downgrade of the United States had come into the market on Friday, causing a brief drop in U.S. stock indices. The announcement was made public after the close of Wall Street for the weekend.
A spokesman for S & P interviewed by the Wall Street Journal said that all employees were informed "subject to the practices and procedures for handling confidential information and trade securities"
According to the "Wall Street Journal, the Securities and Exchange Commission (SEC), the U.S. stock market regulator has launched a major investigation into the practices of the reporting agency, including those used to decide to withdraw the" AAA "of the first global Economy on August 5.
Investigators studying the regulator including the calculation models used, contested by the U.S. Treasury, noted in particular that an error of 2.000 billion in the budgetary projections in S & P said the newspaper.
The SEC also seeks to determine how many people were aware of the forthcoming decision in S & P to establish a possible insider trading. "Proving that someone released this information can be difficult, warns the financial daily. Many traders anticipated because such a decision. "
Rumors about a possible downgrade of the United States had come into the market on Friday, causing a brief drop in U.S. stock indices. The announcement was made public after the close of Wall Street for the weekend.
A spokesman for S & P interviewed by the Wall Street Journal said that all employees were informed "subject to the practices and procedures for handling confidential information and trade securities"
