Diego J. Arredondo Quoted in Law360 Article “Attorneys Weigh In On SEC’s $77M Settlement With S&P”
Diego J. Arredondo, associate in the Miami office, quoted in Law360 article “Attorneys Weigh In On SEC’s $77M Settlement With S&P.”
“Once again, federal regulators settle differences with a financial institution without the matter being adjudged on its merits in a proper tribunal. We have made no law and developed no new clear rules as to what a rating agency may or may not do in going forward. In this case, what a rating agency can or cannot do does not appear to have been delineated, only that what S&P did was wrong to the tune of $77 million. As far as what actions exactly were inappropriate remains unclear.”
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