According to the report, SEC enforcement attorneys are “looking into whether the firm and some of its senior executives have exerted improper commercial influence on its ratings procedures, said the people, who asked not to be identified discussing the ongoing probe.”
Officials in the agency’s complex financial instruments unit are involved in the investigation, the people said. The probe began during the Biden administration and has continued this year. The regulator hasn’t accused Egan-Jones or its officials of wrongdoing as part of this probe, and it wasn’t clear how advanced the review was.
An Egan-Jones representative said the firm takes compliance “very seriously and remains in good standing with our regulator.” He added that the business “remains dedicated to serving our clients and the global capital markets.”
https://www.zerohedge.com/markets/sec-probing-egan-jones-over-its-private-credit-rating-practices
UBS Liquidates Funds, Faces $500 Million Exposure To First Brands Fracas https://t.co/3H4iYuGQBl
— zerohedge (@zerohedge) November 6, 2025
Having already followed Deutsche Bank into the risk-transfer business, hedging its exposure to its own deals (UBS Group’s asset management unit is working on a new fund that will invest in significant risk transfers, which could include deals issued by itself), the big Swiss bank, The Financial Times reports that UBS has told clients that it will wind down an investment vehicle with significant debt exposure to First Brands Group, in the first major fund liquidation following the US auto parts maker’s shock bankruptcy.
