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Nine Dragons spotlights SFC regulation of CRAs
Webb-site.com, 14-Jun-2011
Today's plunge in Nine Dragons (2689), sparked by a withdrawal of a credit rating, raises questions about the new SFC regulations of Credit Rating Agencies. CRAs have privileged access to inside information and a contractual relationship with issuers. The SFC should prohibit them from publishing price-sensitive news during market hours. (Updated 19-Jun-2011)

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