Question
Under the Financial Reform Legislation (Dodd-Frank), credit rating agencies that evaluate the risk of financial assets: (A) cannot be sued for poor ratings even if
Under the Financial Reform Legislation (Dodd-Frank), credit rating agencies that evaluate the risk of financial assets:
(A) cannot be sued for poor ratings even if they misrepresent the true risk of purchasing the assets, but they can be delisted as officially recognized National Statistical Ratings Organizations (NSRSOs). (B) can be sued for poor ratings that misrepresent the true risk of purchasing the assets, but they cannot be delisted as officially ecognized National Statistical Ratings Organizations (NSRSOs) unless fraud is detected. (C) do not have to report the details of how their credit ratings are determined, but they can be sued for a history of poor ratings that misrepresent the true risk of purchasing the assets. (D) must report the details of how their credit ratings are determined, and they can be sued for poor ratings that misrepresent the true risk of purchasing the assets.
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