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Friday, June 15, 2012

SEC Names Thomas Butler as Director of Credit Ratings Office

The SEC has announced that Thomas Butler has been appointed Director of the agency’s new Office of Credit Ratings.

The SEC’s Office of Credit Ratings was created by the Dodd-Frank Act and is responsible for overseeing the nine registered Nationally Recognized Statistical Rating Organizations (NRSROs). Required among these responsibilities is conducting an annual exam of each credit rating agency and issuing a public report.

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