SEC Press pdf 59 KB 1,662 chars

SEC v. A.M. Best Company, Inc.

raw: ORDER GRANTING REGISTRATION OF A.M. BEST COMPANY, INC. AS A

Caption
SEC v. A.M. Best Company, Inc
Exhibit of Press Release: Seven Credit Rating Agencies Register with SEC as Nationally Recognized Statistical Rating Organizations (Press Release No. 2007-199; September 24, 2007)
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summary

The U.S. Securities and Exchange Commission granted A.M. Best Company, Inc. registration as a Nationally Recognized Statistical Rating Organization (NRSRO) under the Securities Exchange Act of 1934, confirming compliance with all regulatory requirements without any allegations of fraud or enforcement action.

paragraph

The SEC approved A.M. Best Company, Inc.'s application to register as a Nationally Recognized Statistical Rating Organization (NRSRO) under Section 15E of the Securities Exchange Act of 1934. The agency determined that A.M. Best satisfied all procedural and substantive requirements, including submission of a complete application under Rule 17g-1 and Form NRSRO, and met the statutory criteria outlined in Section 3(a)(62)(B). No fraud, financial penalties, or misconduct were alleged or addressed—this was solely a regulatory authorization to issue credit ratings for specified financial instruments.

narrative

The U.S. Securities and Exchange Commission (SEC) granted A.M. Best Company, Inc. registration as a Nationally Recognized Statistical Rating Organization (NRSRO) under Section 15E of the Securities Exchange Act of 1934. The order confirmed that A.M. Best’s application fully complied with all statutory and regulatory requirements, including the submission of Form NRSRO and adherence to Rule 17g-1. The registration authorizes A.M. Best to issue credit ratings for the classes of financial instruments specified in clauses (i) through (iv) of Section 3(a)(62)(B). There were no allegations of misconduct, financial impropriety, or enforcement actions associated with this proceeding. The SEC found the application complete, accurate, and in proper form, fulfilling the criteria for NRSRO designation. This action was purely administrative and regulatory, reflecting the agency’s recognition of A.M. Best’s eligibility to operate as a credit rating agency under federal securities law. No fines, penalties, or legal sanctions were imposed, and the outcome represents a routine authorization rather than a resolution of wrongdoing.

Enriched metadata

Scheme
non-corporate (100%)
Classified non-corporate(confidence 100%). No EDGAR filing fingerprint (criminal/DOJ-side scheme). detection rule →
Statutes
17 CFR 240.17g-1Section 15E of the Securities Exchange ActRule 17g-1
Parties
Securities and Exchange CommissionA.M. Best Company, Inc.
Keywords
exchangebest companyregistration bestcommissionbestcompanyincorder grantinggranting registrationexchange commissionsecurities exchangeregistrationnationally recognizedrecognized statisticalstatistical rating

Extracted insights

Entities 2
  • company a.m. best company, inc. ×2
  • person nancy m. morris
Triples 4
  • A.M. Best Company, Inc. Furnished An application for registration as a nationally recognized statistical rating organization
  • The Commission Find That the application furnished by A.M. Best Company, Inc. is in the form required by Exchange Act Section 15E, Exchange Act Rule 17g-1 (17 CFR 240.17g-1), and Form NRSRO (17 CFR 249b.300)
  • The Commission Find That the requirements of Section 15E of the Exchange Act are satisfied
  • The Commission Grant The registration of A.M. Best Company, Inc. with the Commission as an NRSRO under Section 15E of the Exchange Act for the classes of credit ratings described in clauses (i) through (iv) of Section 3(a)(62)(B) of the Exchange Act
PDF
ORDER GRANTING REGISTRATION OF A.M. BEST COMPANY, INC. AS A · Source
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Extracted body text (1,662c) 

UNITED STATES OF AMERICA 
BEFORE THE 
SECURITES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 34-56507/September 24, 2007 
 
ORDER GRANTING REGISTRATION OF A.M. BEST COMPANY, INC. AS A 
NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION 
 
 A.M. Best Company, Inc., a credit rating agency, furnished to the Securities and 
Exchange Commission (“Commission”) an application for registration as a nationally 
recognized statistical rating organization (“NRSRO”) under Section 15E of the Securities 
Exchange Act of 1934 (“Exchange Act”) for the classes of credit ratings described in 
clauses (i) through (iv) of Section 3(a)(62)(B) of the Exchange Act.  The Commission 
finds that the application furnished by A.M. Best Company, Inc. is in the form required 
by Exchange Act Section 15E, Exchange Act Rule 17g-1 (17 CFR 240.17g-1), and Form 
NRSRO (17 CFR 249b.300) and contains the information described in subparagraph (B) 
of Section 15E(a)(1) of the Exchange Act.  
  
Based on the application, the Commission finds that the requirements of Section 
15E of the Exchange Act are satisfied.   
 
            Accordingly,                        
 
 IT IS ORDERED, under paragraph (a)(2)(A) of Section 15E of the Exchange Act, 
that the registration of A.M. Best Company, Inc. with the Commission as an NRSRO 
under Section 15E of the Exchange Act for the classes of credit ratings described in 
clauses (i) through (iv) of Section 3(a)(62)(B) of the Exchange Act is granted. 
 
 By the Commission. 
 
 
 
      Nancy M. Morris 
                                                                        Secretary