# Prof. Lawrence White on the SEC's settlement with Egan-Jones Ratings Co.

1 Faculty News January 22, 2013 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from the [Wall Street Journal](http://online.wsj.com/article/SB10001424127887324624404578257850769793788.html?mod=googlenews_wsj) -- "The settlement serves 'as a warning to others, to set a precedent that says, "Look, this is behavior we don't think is appropriate and we're going to take appropriate action,'" said Lawrence J. White, a professor at New York University's Stern School of Business."

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