FDL Action

Call the SEC:
"Revoke Standard & Poor's Credit Rating Authority!"

After a months-long investigation, the SEC has declared that they may soon take action against S&P.

While this is great news, we need to make sure the SEC does more than give S&P a simple slap on the wrist -- they deserve to have their government seal of approval revoked.

Call SEC Secretary Elizabeth Murphy's office:

(202) 551-5400.
Press 3 to speak with her staff.

Update: If you are having trouble getting through you can also try calling Investor Services and Complaints at (202) 551-6551 or 1-800-732-0330.

Sample script:

Hello, my name is ____{name}____ and I'm calling today to urge the SEC to revoke Standard & Poor's credit rating authority or "NRSRO status."

While I was pleased to hear the SEC is currently weighing action against S&P, I ask that you do more than pursue a simple civil penalty.

S&P's reckless behavior in the run-up to the 2008 financial crisis and their recent downgrade of the U.S. debt show they have abused their authority as a ratings agency.

As hundreds of Americans gather in New York's financial district to protest the many crimes of Wall Street, it is clear that now is the time for decisive action. The SEC should revoke Standard & Poor's NRSRO credit rating authority.

Thank you for your time.

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