Fraud Charges Against Ratings Agencies Won't Help Investors.

The article claims that the decision of the U.S. Securities and Exchange Commission (SEC) to file fraud charges against credit rating agencies due to their role in the 2008 financial crisis would not be beneficial for investors. The fraud charges are based on the suspected failure by rating agencies such as Moody's to provide adequate rating for subprime mortgages. The author notes that the payment arrangement for ratings agencies should be changed to address the problem with their behavior.