Egan-Jones Accused of Misrepresentations

Egan-Jones Ratings Co. and the firm’s owner and president, Sean Egan, were sued by the U.S. Securities and Exchange Commission, which claimed material misrepresentations and omissions in the company’s July 2008 application to register as a ratings organization.

To contact the editor responsible for this story: Vivek Shankar at vshankar3@bloomberg.net