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SEC opens investigation into Standard & Poor’s

Standard & Poor’s is the subject of a US investigation over a rating it issued in 2007 on the eve of the financial meltdown, according to the agency’s parent company McGraw-Hill. McGraw-Hill said in a statement it had received a “Wells Notice” last week informing it that the Security and…

US probing Morgan Stanley deals: media

US federal prosecutors are investigating whether Morgan Stanley misled investors about financial derivative deals against which it sometimes bet, The Wall Street Journal reported Wednesday. The suspicions were similar to civil fraud charges faced by Goldman Sachs, which is also under investigation for how it designed and sold mortgage-related products…