Market regulation · 20/04/2010

SEC Initiates Administrative Proceedings Against Dagong Global Credit Rating Co., Ltd. Over Credit Rating Application

The US Securities and Exchange Commission (SEC) has initiated administrative proceedings against Dagong Global Credit Rating Co., Ltd. in response to its application, as required by Section 15E(a)(2)(A)(ii) of the Securities Exchange Act of 1934, and has scheduled a hearing for the matter.