SEC mandate over rating agencies strengthened by Dodd-Frank

The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the US Securities and Exchange Commission (SEC) a stronger mandate to ensure credit rating agencies (CRAs) are abiding by federal securities law. That's the message the SEC has sent out with its recent 21a report confirming the closure of its investigation into whether credit rating agency Moody's Investors Service violated the nationally recognised statistical rating organisation (NRSRO) registration provisions or the antifraud