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S&P settles with SEC, 2 states over misconduct charges (access required)

NEW YORK  — Standard & Poor's agreed on Wednesday to pay the U.S. government and two states more than $77 million to settle charges tied to its ratings of mortgage-backed securities. In its first enforcement action against a major rating agency, the Securities and Exchange Commission accused S&P of fraudulent misconduct, saying the company loosened standards ...

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